Economic update August 2021

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16th August 2021

The Economic Update, presenting the current economic environment across the globe and the outlook by Atradius Economic Research.

The August 2021 edition of the Economic Update, presenting the current economic environment across the globe by Atradius Economic Research.

  • Global - The economic recovery is diverging in part due to disparities in the rollout of vaccines. World trade continues to recover.

  • Eurozone – Sentiment indicators continue to point to robust recovery in H1 of 2021. Easing virus restrictions and further vaccination progress boost demand in the services sector.

  • US and UK – Accommodative fiscal and monetary policy is underpinning strong consumer-led recoveries in both the US and UK.

  • Emerging Markets – Many emerging markets are still struggling with Covid-19 outbreaks and vaccination rollout. Asia leads the recovery in 2021, but rising infections have led to several growth forecast markdowns.

  • Credit and Insolvencies – We still expect global business failures to rise in 2021, as many temporary measures that suppressed insolvency growth are gradually unwound. However, the rise in insolvencies is lower than previously expected, as many measures were still in place in H1 2021.

Download the Economic Update to read all the details.

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