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Global Economics Monthly Review

March 2021

 

  • Global economic activity of the manufacturing sector continues to recover. 
     
  • There are dissimilarities in the growth rates of the developing countries within Europe due to differences in the policies each country has adopted to deal with the coronavirus. 
     
  • Brazil suffered less activity loss in 2020 than other countries in Latin America, but there are signs of a slowdown in strong growth.
     
  • Inflation in the developed countries increased in the beginning of the year, while in the US and the euro bloc inflation remained in February was higher than during the past year. 
     
  • The central bank of Australia expanded its asset purchase program, and the central bank of Mexico lowered its interest rate by 0.25 percentage points.

 

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