Itaú BBA - When will economies return to their pre-pandemic GDP levels and trends?

Macro Vision

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When will economies return to their pre-pandemic GDP levels and trends?

June 16, 2021

A full GDP recovery will likely be achieved in 2021 in most developed countries, but not until 2022 or later in EMs (ex. China).

For the version with all charts and tables, please open the attached pdf file

• 
A full GDP recovery (to pre-pandemic trends) will likely be achieved in 2021 in most developed countries, but not until 2022 or later in emerging markets (excluding China).

• The vaccination pace and the scale of (and space for) fiscal responses are the main variables that explain the disparities in the pace of recovery across countries.

Guilherme Martins
Laura Pitta
Matheus Franciscão
 


For the version with all charts and tables, please open the attached pdf file



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