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Global Economics Monthly Review

August 2021

 

  • The trend of global economic growth continued in the second quarter of the year and GDP is expected to continue to rise in the second half of the year as well.  However, increases in morbidity will probably lead to a tightening of restrictions that will hamper rate of growth.
     
  • Variations in the degree of tightness of restrictions are expected, this is in view of large disparities in the capability of countries to frequently vaccinate broad portions of their populations.
     
  • The coronavirus continues to spread across all continents, except Latin America where morbidity is on the decline.
     
  • Inflation in developed countries continued to climb.
     
  • The central banks of Australia and Canada reduced their asset purchases, against the backdrop of the recovery in economic activity.
     
  • Interest rate hikes in the emerging markets are continuing.

 

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