Artikel
Global economy: Advanced economies facing a strong upturn
Global recovery is progressing more slowly than was indicated in 2020 due to high coronavirus rates and related economic restrictions in Europe and Japan. Recently, a disparate picture has been forming: In the advanced economies, declining infection rates and continued progress in vaccination campaigns will presumably lead to a revival that will be especially noticeable in the retail and service sectors while the manufacturing industries will lag behind in the short-term due to high raw material prices. In some emerging economies, in contrast, recently skyrocketing coronavirus rates and a lack of vaccine doses are likely to hinder recovery before the situation improves. Overall, the growth rate should increase in the second half of 2021 so that the outlook for the global economy remains nearly unchanged: DIW Berlin estimates growth of 6.7 percent for 2021 and growth of 4.9 percent for 2022. The USA, euro area, and China are delivering positive momentum to this growth, as they have remained spared from a further wave of the virus.
- Sprache
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Englisch
- Erschienen in
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Journal: DIW Weekly Report ; ISSN: 2568-7697 ; Volume: 11 ; Year: 2021 ; Issue: 23/24 ; Pages: 162-166 ; Berlin: Deutsches Institut für Wirtschaftsforschung (DIW)
- Klassifikation
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Wirtschaft
Business Fluctuations; Cycles
General Outlook and Conditions
Global Outlook
- Thema
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Business cycle forecast
economic outlook
- Ereignis
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Geistige Schöpfung
- (wer)
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Michelsen, Claus
Baldi, Guido
Dany-Knedlik, Geraldine
Engerer, Hella
Pasch, Sandra
- Ereignis
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Veröffentlichung
- (wer)
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Deutsches Institut für Wirtschaftsforschung (DIW)
- (wo)
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Berlin
- (wann)
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2021
- DOI
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doi:10.18723/diw_dwr:2021-23-2
- Handle
- Letzte Aktualisierung
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10.03.2025, 11:43 MEZ
Datenpartner
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. Bei Fragen zum Objekt wenden Sie sich bitte an den Datenpartner.
Objekttyp
- Artikel
Beteiligte
- Michelsen, Claus
- Baldi, Guido
- Dany-Knedlik, Geraldine
- Engerer, Hella
- Pasch, Sandra
- Deutsches Institut für Wirtschaftsforschung (DIW)
Entstanden
- 2021