June - July, 2021
Key Highlights
Strong and synchronized near-term global growth, GDP forecasts revised upwards, expansionary macro indicators.
Central banks hold a continued accommodative monetary policy for the foreseeable future.
Massive fiscal spending remains supportive of growth.
Corporates: surge in consumer spending and better earnings.
Inflationary pressure continues due to a 2020 low comparison base effect. Globally there is little evidence of a broad-based increase in prices.