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Atradius, one of the world's largest credit insurance companies, recently released a global economic prospect report that the global economy is expected to rebound
in 2021 despite another lockdown in some parts of the world, following a severe downturn in the global economy in 2020 due to the Covid-19 pandemic.
While the country returns to normal economic life, fiscal and monetary support remains crucial
.
However, given the possibility of a delayed recovery, such as a resurgence of the pandemic, this will significantly reduce GDP growth in 2021 and may delay the recovery until 2022
.
As countries gradually emerge from lockdowns, Atradius expects global GDP to resume 5.
0% growth
in 2021 after contracting by 3.
9% in 2020.
Following the recovery of trade growth in the second half of last year, the outlook for global trade in 2021 is good, with global trade growth expected to rebound by 7-8%
in 2021.
In the case of developed markets, it is expected to increase to 3.
9% in 2021 after an overall decline of 5.
0%
in 2020.
For example, the eurozone economy remains in a relatively tight lockdown, but a partial recovery is likely in 2021 and is only expected to return to pre-pandemic levels
in 2022.
Eurozone governments are expected to continue to implement fiscal incentives to promote economic recovery
in 2021.
For the US market, the coronavirus pandemic will pose serious downside risks to the US economy in 2021, but the economy is expected to rebound
as the vaccine rolls out and lockdowns will be phased out.
In addition, President Biden's arrival in office has reduced policy uncertainty and is developing an economy-specific stimulus package that is expected to promote economic recovery
.
In Japan, although it was not fully recovered from last year's recession, 2021 will be off to a good start
.
If the Tokyo Olympics are successful, it will provide a short-term boost to Japan's GDP
.
Despite the wide differences between countries and regions, many emerging market economies are still in a critical phase
of pandemic control.
Overall, Asia is relatively ahead in controlling the pandemic, with emerging markets as a whole expected to grow
by 6.
3% in 2021 after narrowing by 1.
9% in 2020.
Atradius, one of the world's largest credit insurance companies, recently released a global economic prospect report that the global economy is expected to rebound
in 2021 despite another lockdown in some parts of the world, following a severe downturn in the global economy in 2020 due to the Covid-19 pandemic.
While the country returns to normal economic life, fiscal and monetary support remains crucial
.
However, given the possibility of a delayed recovery, such as a resurgence of the pandemic, this will significantly reduce GDP growth in 2021 and may delay the recovery until 2022
.
As countries gradually emerge from lockdowns, Atradius expects global GDP to resume 5.
0% growth
in 2021 after contracting by 3.
9% in 2020.
Following the recovery of trade growth in the second half of last year, the outlook for global trade in 2021 is good, with global trade growth expected to rebound by 7-8%
in 2021.
In the case of developed markets, it is expected to increase to 3.
9% in 2021 after an overall decline of 5.
0%
in 2020.
For example, the eurozone economy remains in a relatively tight lockdown, but a partial recovery is likely in 2021 and is only expected to return to pre-pandemic levels
in 2022.
Eurozone governments are expected to continue to implement fiscal incentives to promote economic recovery
in 2021.
For the US market, the coronavirus pandemic will pose serious downside risks to the US economy in 2021, but the economy is expected to rebound
as the vaccine rolls out and lockdowns will be phased out.
In addition, President Biden's arrival in office has reduced policy uncertainty and is developing an economy-specific stimulus package that is expected to promote economic recovery
.
In Japan, although it was not fully recovered from last year's recession, 2021 will be off to a good start
.
If the Tokyo Olympics are successful, it will provide a short-term boost to Japan's GDP
.
Despite the wide differences between countries and regions, many emerging market economies are still in a critical phase
of pandemic control.
Overall, Asia is relatively ahead in controlling the pandemic, with emerging markets as a whole expected to grow
by 6.
3% in 2021 after narrowing by 1.
9% in 2020.