Economic Trends in Key Markets

Economics & Finance

Economic trends in key markets

The global economic growth in 2021 rises to 10.2 % from the previous 8.8 %, which cites diminishing risks of COVID-19 and the shift in the outlook of the monetary scheme. It is further stated that the Financial Budget 2021-22 will generate positive externalities for the private sector industries and predicts the fiscal consolidation to be slower in the fiscal year 2022 than the government projection.

Furthermore, there are 10 major economic trends in 2021:

  1. Expenditure and service sectors continue to grow and become the main factors for the recovery of a country’s economy in 2021.
  2. Development of manufacturing investment continues to accelerate.
  3. There will be robustness in export sectors, with the growth rate remaining high in 1H.
  4. Monetary and fiscal motivation will progressively dial back, but the rapidity of policy regulation must be closely watched.
  5. China continues to be attractive to foreign investment and supply chain flexibility is the key concern

Source:https://transportgeography.org/contents/chapter3/transportation-and-economic-development/

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