In order to bring you the best possible user experience, this site uses Javascript. If you are seeing this message, it is likely that the Javascript option in your browser is disabled. For optimal viewing of this site, please ensure that Javascript is enabled for your browser.

Global Economics Monthly Review

December 2020


  • The global economy continues to recover, but there are large differences among the regions of the world resulting from the rise in morbidity along with tightening restrictions again in some countries.
  • Global GDP is expected to contract 4.1% this year, but in 2021 it is expected to recover to the extent that depends on achieving "living alongside the coronavirus".
  • The inflation rate declined in October in the developed countries, except in the euro bloc where it remained unchanged at a negative level.
  • The Fed and the ECB hinted about increasing monetary support.
  • Long-term government bond yields in the US have been in an upward trend in recent months, whereas the yields of euro bloc long-term government bonds have been in a moderate downward trend.

The full report is presented in PDF format and can be viewed with Adobe Acrobat Reader software. Install the software.  File not opening? Please disable pop-up blocking for this site.