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It has been more than a year since the World Health Organisation declared the spread of COVID-19 as a global pandemic. In the period since, tremendous efforts have been exerted in an attempt to stop the spread of the virus and protect people and economies.
Global economic growth forecasts for 2021 have generally been revised upwards, with estimated growth for the US and emerging markets rising to 7.5% and 6% respectively. The optimism for higher growth is in part due to the passing of a further stimulus package in the US and the progress of the Covid-19 vaccine rollout across the globe.
The world reached a psychologically significant milestone on the 3rd February, as the number of people vaccinated against Covid-19 exceeded the number of confirmed cases, according to the Financial Times vaccine tracker.
Social restrictions increased during January as COVID-19 cases surged. This weighed on the prospect for short term economic growth, especially in Europe.
Social restrictions increased during January as COVID-19 cases surged. This weighed on the prospect for short term economic growth, especially in Europe.
The confidence of investors and public health experts alike was raised during November due to positive news that two of the Covid-19 vaccine candidates have shown promise in clinical evaluations.