Hostname: page-component-78c5997874-mlc7c Total loading time: 0 Render date: 2024-11-14T21:29:38.907Z Has data issue: false hasContentIssue false

Global economic outlook – Vaccinations and US fiscal stimulus boost growth prospects

Published online by Cambridge University Press:  24 May 2021

Abstract

Image of the first page of this content. For PDF version, please use the ‘Save PDF’ preceeding this image.'
Type
World Forecast
Copyright
© National Institute of Economic and Social Research 2021

Access options

Get access to the full version of this content by using one of the access options below. (Log in options will check for institutional or personal access. Content may require purchase if you do not have access.)

Footnotes

1

We would like to thank Jagjit Chadha and Hande Küçük for helpful comments and Patricia Sanchez Juanino for preparing the charts and the database underlying the forecast.The forecast was completed on 26 April 2021. Exchange rate, interest rate and equity price assumptions are based on information available to 16 April 2021. Unless otherwise specified, the source of all data reported in tables and figures is the NiGEM database and NIESR forecast baseline. All questions and comments related to the forecast and its underlying assumptions should be addressed to Iana Liadze ([email protected]).

References

REFERENCES

Blanchard, O. and Pisani-Ferry, J. (2021), ‘Persistent Covid-19: exploring potential economic implications’, Petersen Institute for International Economics, Realtime economic issues watch, 12 March.Google Scholar
Chadha, J. (2020), ‘The Commentary: a country withered’, National Institute Economic Review, 254, November.CrossRefGoogle Scholar
Daly, K. and Chankova, R.D. (2021), ‘Inflation in the aftermath of wars and pandemics’,VoxEU, 15 April.Google Scholar
Dixon, H. (2020), ‘Measuring inflation in the pandemic’, NIESR blog, 17 June.Google Scholar
Gagnon, J.E. (2021), ‘Inflation fears and the Biden stimulus: look to the Korean war, not Vietnam’, Petersen Institute for International Economics, Realtime economic issues watch, 25 February.Google Scholar
Hale, T., Petherick, A., Phillips, T. and Webster, S. (2020), ‘Variation in government responses to COVID-19’, Version 3.0, Blavatnik School of Government Working Paper, 31 March, available at: www.bsg.ox.ac.uk/covidtracker.Google Scholar
Holland, D., KüÇük, H. and Lenoël, C. (2021), ‘Modelling the change in US monetary policy framework in NiGEM’, National Institute Global Economic Outlook, NiGEM Topical Feature 2, Series B. No.1.Google Scholar
Holland, D. and Liadze, I. (2020), ‘Quantifying the global macroeconomic spillovers of illness and lockdown measures’, National Institute Economic Review, 252, May, F61-62.Google Scholar
Holland, D., Macchiarelli, C. and Mao, X. (2021), ‘Trade and the unequal race to the Covid-19 vaccine’, National Institute Global Economic Outlook, NiGEM Topical Feature 1, Series B. No.1.Google Scholar
Hurst, I., Kara, A. and Liadze, I. (2020), ‘The stochastic impact of extreme weather events’, NIESR blog, 14 December.Google Scholar
Kohlscheen, E., Mojon, B. and Rees, D. (2020), ‘The macroeconomic spillover effects of the pandemic on the global economy’, BIS Bulletin No. 4, 6 April.Google Scholar
Küçük, H. (2020), ‘Effects of Covid-19 in emerging economies’, National Institute Economic Review, 253, August, F5963.Google Scholar
Lenoël, C. and Macchiarelli, C. (2020), ‘ Is it all quiet on the inflation front?’, NIESR blog, 10 September.Google Scholar
Liadze, I. and Hacche, G. (2017), ‘US monetary policy and its impact on emerging market economies’, National Institute Economic Review, 240, May, F62-3.Google Scholar
Liadze, I. and Naisbitt, B (2018), ‘Global spillover effects of US monetary tightening’, National Institute Economic Review, 246, November, F42-3.Google Scholar
Mao, X., Naisbitt, B. and Whyte, K. (2019), ‘Recent inflation trends in emerging economies’, National Institute Economic Review, November, 250, F50-51.Google Scholar
Naisbitt, B. (2018), ‘The risks of rising global indebtedness’, National Institute Economic Review, 245, August.CrossRefGoogle Scholar
Naisbitt, B. (2020a), ‘Vulnerability from debt in the coronavirus crisis’, National Institute Economic Review, 252, May.Google Scholar
Naisbitt, B. (2020b), ‘Vulnerability from Debt in the Coronavirus Crisis’, NIESR Policy Paper, No. 20, May.Google Scholar
Naisbitt, B. and Whyte, K. (2020b), ‘A new kind of economic downturn – a lockdown recession affecting services’, National Institute Economic Review, November, 254, F57-59.Google Scholar