Vaccine releases boom-like growth forces
06 December 2020
Posted in
sentix Economic News
The Corona crisis year 2020 will end with a bang, which will set several exclamation marks for the global economy. In our December results, we have a series of all-time highs (!) in the expectation components of various world economic regions. Hopes for an early use of vaccines are fuelling the fantasy that the economy in 2021 will recover more clearly than previously expected from the consensus.
Headlines of the month
- The expectation components of the sentix economic indices are going through the roof one after the other: We measure an all-time high (!) in economic expectations in five different regions of the world.
- Asia ex Japan, the US, Japan, Eastern Europe and Germany have risen by around 10 points in the 6-month figures. The current situation is also improving, but at a slower pace.
- The surprisingly strong increase is based on the hope that the corona pandemic can soon be brought under control through the use of vaccines. This is releasing boom-like growth forces. The sentix Global Aggregate Overall Index rises by 6.1 points, the highest value since May 2019.ex Japan.
| Euro area | Jan 21 | Feb 21 | Mar 21 | Apr 21 | May 21 | Jun 21 |
|---|---|---|---|---|---|---|
| Overall Index | 1.3 | -0.2 | 5.0 | 13.1 | 21.0 | 28.1 |
