546 days ago • Posted by Charles-Henry Monchau

An uneven global economic recovery?

Mind the gap! At the beginning of the year, the 2021 GDP forecasts for Germany and the USA were both at 4%. Fast forward to the end of Q1and there is now a growth gap of no less than 2.4% as the US is reopening (thanks to fast vaccine rollout) while Germany is still stuck in lockdown mode. 

Source: Holger Z, Bloomberg 

2021 GDP growth forecasts for the US and Germany (based on Bloomberg consensus)