Economy
September 8, 2020
CRU: Global Recovery Loses Momentum
Written by Jumana Saleheen
By CRU Chief Economist Jumana Saleheen, from CRU’s Global Economic Outlook
Since lockdown restrictions eased in May the global recovery has been strong, but with marked differences across countries and sectors. The strong recovery in China is partly due to its better virus trajectory over the summer, which has allowed confidence to return. This has helped commodity prices to strengthen. The USA has also witnessed rapid recovery, setting it apart from Europe and India. From this point onwards, and into 2021, we expect the global recovery to lose momentum as the easy successes are over and the “long slog’” begins.
