World Economy Will Grow Rapidly In 2021

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The global economy will accelerate in 2021, though with significant variation around the world as vaccinations reduce direct costs of the pandemic as well as lockdowns and social distancing.

The greatest vaccination relative to population has occurred in the U.K. and the U.S. China has a low vaccination rate that is not as worrisome as it may seem because their count of new cases is very low. Although Chinese data are not totally trustworthy, even with substantial misreporting the country is in good shape.

Other industrial commodity prices have also increased. “Dr. Copper” is said to have a Ph.D. in economics because it forecasts future production of both consumer and industrial goods. The price of copper is now within spitting distance of a 60-year high.

 

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