These 5 Charts Show What The Global Economy Looks Like Heading Into 2021

CNBC: 5 charts show what the global economy looks like heading into 2021 

 * Many countries went into months of lockdown in 2020 in a bid to stem the spread of Covid-19, which reduced cross-border travel and accelerated job losses. 
 * Governments increased spending to cushion the economic damage, but are now left with a huge debt pile to reckon with in the coming years. 
 * Meanwhile, central banks around the world slashed interest rates and purchased more assets to inject more money into the financial system. 

SINGAPORE — The Covid-19 pandemic has sent the global economy into one of its worst recessions ever, and it isn’t yet clear when a full recovery will be in place. 

Recent progress on coronavirus vaccines has brightened the economic outlook, but some economists said a potentially slow rollout of vaccines across developing economies could hamper the return of activity to pre-pandemic levels. 

Even among advanced economies, renewed lockdowns in Europe in a bid to stave off a resurgence in infections could push back economic recovery, according to economists. 

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WNU Editor: I am not sure if these charts will hold. The pandemic is far from over.


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