Coface Quarterly Barometer: US leads the global recovery, emerging economies lag behind
More than a year after the start of the pandemic, global economic trends are uneven due to lingering uncertainties around the spread of COVID-19. The acceleration of the vaccination process, as well as its effectiveness, are key to an economic recovery.In this context, the prospects for a return to normalcy are both uneven and uncertain across sectors of activity and geography,according to the latest barometer from Coface.
As outlined in the barometer, Coface assumes thatthe economic recovery will gain momentum from the summer of 2021, when a large enough share of the population in the United States and Europe will be vaccinated. However, there is a risk of delay in the vaccine roll-out, notably due to supply constraints for manufacturers, resulting from shortages of certain components and export restrictions.
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