Global | Coronavirus Watch: Case rates fall globally
New global cases of Covid-19 have fallen below the March lows and in many advanced economies, rapid vaccination programmes have allowed economies to begin to reopen without triggering a surge in Covid cases.
The ongoing reopening supports our above-consensus assessment of the near-term economic outlook. However, recent developments in the UK and Israel show that there will be bumps along the way.
Despite leading the way in vaccination speed within the G20, the UK has seen Covid cases climb sharply and now has the third-highest number of cases per million in the G20.
The UK ‘exit wave’ had been predicted, though, and hospitalisations remain low so recent developments are not an automatic cause for alarm. But the rise in cases does highlight the risk of variants triggering further Covid surges in economies that have made limited progress with their vaccine programmes.
Most US metros to see slower growth in 2024
Most metros have had steady GDP and job growth in 2023 but will start to see quarterly declines in Q4 or Q1 2024. All of the top 50 metros are forecast to see a slowdown in GDP growth in 2024, driven by lower finance and real estate GDP more than by other sectors.Find Out More
Why the real yield on private wealth will keep falling globally
Despite the importance of returns on private wealth for long-term investors – be they households, asset managers, or pension funds – the fact that real yields have been on a downward trend across the world for decades seems to have escaped attention.Find Out More