Vaccines and fresh economic stimulus promised by US President-elect Joe Biden will give the global economy a chance to put the coronavirus pandemic behind it in 2021, policymakers and industry leaders say.
Their optimism voiced at a Reuters conference came despite a resurgence in COVID-19 cases that has prompted the World Bank to downgrade its growth forecast for year and warn that delays in vaccination programmes could pinch recovery even further.
The head of German engineering giant Siemens said China is currently driving the world economy but was optimistic about recovery in the United States, where Biden has promised a faster roll-out of vaccines and more economic stimulus. Read more…..
Chart of the Day
As part of the Outlook 2021 series, Daniela Cambone speaks with Casey Research founder Doug Casey about the current events unfolding in the U.S., bitcoin’s volatile price action, and expert advice for picking winners in the mining space.