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Economic Outlook: 2021 and beyond - a slow and winding road to economic recovery

In his latest economic outlook report , Senior Economic Adviser to the International business of Federated Hermes, Neil Williams, summarises his expectations for the global economy in 2021 and beyond. Major economies have slowly started to recoup their GDP after an extraordinary year. However, as their debt piles up, and consumers and firms try to patch up their balance sheets, governments are facing an extended ‘W’ or even ‘K’ shaped recovery, that will be hamstrung by growing political tensions. With this in mind, our economic outlook for 2021 is based on five core beliefs. 

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