The more inoculations that come online, the faster the process of growth normalisation will be. Still, authorities may need to bridge delays in vaccine rollouts with adequate monetary and fiscal support.
The timing of a sustainable rebound in global economic growth hangs on the successful rollout of coronavirus vaccines — opening a window for investors to seize on valuation gaps ahead of market pricing.
We predict the global economy will pick up in the second quarter of 2021, but not rebound until the second half as the approval, production and distribution of vaccines will take time.
