Economy
April 30, 2021
CRU: The Rotation of Consumer Demand
Written by Jumana Saleheen
By CRU Principal Economist Alex Tuckett and Chief Economist Jumana Saleheen, from CRU’s Global Economic Outlook
Our forecast for global growth in 2021 remains unchanged, with downward revisions to Europe, India and China being offset by upward revisions to other countries, principally the U.S. Although risks remain, we remain confident that the world will see a strong recovery in 2021. However, as demand rotates from goods to services, commodity markets may not feel the full benefit of the fastest rate of global growth for 40 years.
