DC Witter Group - Economic Recovery Relies on Vaccine Rollout

DC Witter Group - Economic Recovery Relies on Vaccine Rollout
(1888 PressRelease) Investment reform and effective immunization campaigns will help the global
economy expand by 4% in 2021.
In its January 2021 Global Economic Prospects report, the World Bank predicted that the global economy would expand by
4% this year after a 4.3% contraction in 2020.
However, analysts at DC Witter Group say the effects of the pandemic are likely to be felt for many years and any recovery
will hinge on proper deployment of vaccines as they become available to populations around the world.
For the global economy to continue to recover, policymakers will need to prioritize controlling the spread of Covid-19.
Vaccine offers hope for struggling economies
As 2020 drew to a close, investor sentiment was significantly boosted by the promises of an effective vaccine. However, as
countries grapple with who should be the first to receive the vaccine, and the best way to deploy it, economies are suffering
the effects of harsh lockdowns.
Although immunization campaigns have yet to gain traction, DC Witter Group analysts have warned that mismanagement of
vaccine rollout could jeopardize economic recovery.
The World Bank report also stated that widespread investment reforms will be necessary to ensure an ongoing recovery
during the course of this year, adding that it will be important that governments find ways to establish a reinvestment loop
that focuses on sustainable growth.
China to see higher growth in 2021
While the global economy is expected to grow by 4% overall this year, DC Witter Group analysts say some countries will fare
better than others. China has managed to maintain control of the pandemic and as a result its economy has bounced back
faster and more successfully than many other countries that are still battling their 2nd and 3rd waves of infection.
China’s economy is expected to grow by almost 8% in 2021, following a far more subdued 2% expansion last year. DC Witter
Group analysts say the Covid-19 pandemic could see China’s economy overtaking the US within the next decade. This is
largely due to the swift and harsh steps taken early on by China to control its outbreak. Although criticized for its draconian
measures, China managed to avoid repeating lockdowns that have devastated other economies around the world.
https://www.dcwittergroup.com
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