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Goldman Sachs’ Global Economics Analyst has released its top 12 charts of 2021.
Below is the overview:
The global economy recovered rapidly in 2021 as demand surged. Mass vaccinations and adaptation made growth less sensitive to infections although risk aversion to the virus remained high in Asia-Pacific for much of the year. Fiscal policy turned from a large boost in the spring into a modest drag in the US. However, policy remains more expansionary in the Euro Area.
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About the author
Leith van Onselen is Chief Economist at the MB Fund and MB Super. He is also a co-founder of MacroBusiness.
Leith has previously worked at the Australian Treasury, Victorian Treasury and Goldman Sachs.