Challenges Remain As Global Economy Recovery Emerges (DR)

Digital Replay: After a yearlong global recession, 2021 is bringing new hope. The year’s first quarter should reflect a tentative recovery of economic activity, followed by a further boost to economic activity in the second quarter as containment measures are substantially reduced. The news of vaccine deployment is encouraging. Major economies such as the U.K. and U.S. are expected to reach herd immunity by early summer 2021. However, the pace of vaccine administration is lagging behind in other places, including many European countries and emerging markets. Uncertainty will remain high over the coming months, but there is economic optimism in sight. This webinar will cover global GDP growth forecasts as well as regional outlooks for the year ahead. Join Atradius’s Aaron Rutstein as he addresses the following key points: Insolvencies will rise this year due to the end of temporary governmental measures in response to the COVID-19 pandemic. The global economy remains fragile as vaccine rollout picks up speed. Worldwide recovery will be uneven. A robust recovery is expected for the U.S. and Asia, while South America and Europe are expected to fall behind. Lockdown measures and supply and demand changes have caused global trade to contract 5.3% in 2020, but trade in 2021 is expected to see a robust expansion; manufacturing output and export orders have significantly increased as of February.

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