20 October 2021
Two years after the outbreak of COVID-19, economic conditions could return to normal.
The 2020 recession resulted in a loss of growth of nearly 4% on a global scale, however, this level could improve in 2021, alongside a rise in inflation – something which has already been noticed in several countries, including the United Kingdom (see September newsletter).
Another parameter bear in mind is household savings. As a result of the repeated lockdowns, expenditure was highly affected and thus was born “covid oversaving”. In the face of economic recovery, it will in fact be this disposable income that will play a major, determining role.
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