The economic recovery that began in May is set to continue throughout the rest of the year and into 2021, according to Aviva Investors' Michael Grady, who said further waves of Covid-19 across the world should be "successfully countered" by limited and targeted restrictions, thereby avoiding the need for full lockdowns.
The head of investment strategy and chief economist believes potential headwinds on the horizon for the global economy have reduced significantly since the summer, while the upside case will only be enhanced by "the eventual development and distribution of effective vaccines in early 2021", alongside the continuation of ultra-loose monetary policy and fiscal support from central banks. However, he pointed out an economic revival is dependent on the continuation of such policy and "generous" fiscal support for both businesses and workers. "If sustained, the combination of loose monetar...
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