Canada | Vaccines offer hope of return to pre-Covid-19 activity by end-2021
Despite a partial recovery in H2 2020, Canada’s GDP contracted by 5.4% last year with a secondary wave of COVID-19 infections slowing growth. All provinces are still in various stages of lockdown but after a slow start, vaccinations have accelerated. We assume that vaccinations in Canada will be complete by September, allowing pre-COVID-19 levels of activity by end-2021.
To learn more about our predictions for Canadian cities, watch our video below. If you would like to learn more about this topic, complete the form to download the full report.
BoK’s monetary policy to tighten even as hiking cycle ends
Even without rate hikes, central banks' monetary policies can effectively tighten if the nominal neutral rate falls below the policy rate. We expect this will be the case for the Bank of Korea this year, as the gap between the policy rate and the nominal neutral rate widens.Find Out More
Why China isn’t about to save the world economy
The earlier and faster than expected ending of zero-Covid restrictions in China bodes well for the global economy and adds to the recent run of positive news.Find Out More