The base case for a continuation of the global economic recovery remains intact. As things stand today, the global economy is on a path to surpass its pre-pandemic trend sometime late next year. This outlook is supported by the monetary and fiscal policy backdrop, progress in vaccines research and therapeutics in the fight against COVID-19, as well as receding political risks stemming from the US elections.
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Note: The next edition of the LGT Beacon is scheduled for January 2021.