As the world grapples with COVID-19 and rapidly shifting economic and political news, Canadian companies are facing new risks during these uncertain times. EDC’s 2021 Global Economic Outlook offers insight on these challenges and the opportunities to help you make better business decisions.
With retail sales soaring, global trade fully recovered and vast public stimulus spending in place, you’d think we were almost back to normal. But will it continue? While the current economic outlook is resilient, we’re also contending with rising COVID-19 infections.
The latest Global Economic Outlook is a must-read, packed with valuable information on the dynamics of this growth and its impact on the world’s key economies, commodity prices, interest rates and exchange rates.
Our forecast calls for a world economy at 6% growth this year and 5.5% in 2022. Emerging markets will collectively accelerate from a 6.3% recovery in 2021 to 6.4% in 2022. After a 4.9% this year, Canada will hit 4.4% in 2022.
We expect supply chain and shipping shortages—major issues at the moment—to improve through 2022. But our projections are far from risk-free: Failure to contain COVID-19 conclusively could result in further lockdowns. Inflation could lead to central banks tightening more than the economy can handle, putting the brakes on growth.
When we reach an unmarked fork in the road, most of us pause. The only path forward to a winning approach is by embracing economic growth and developing viable COVID-19 coping strategies.
Key economic indicators will show how COVID-19, as well as supply chain issues, have impacted the global economy and the outlook for 2021 and beyond.
A look at key economic indicators in the United States and Canada, including housing starts and GDP.
Find out how commodities, like oil, natural gas, copper and gold, are performing globally.
If a customer doesn’t pay you, EDC will. Whether you use SCI to insure international or Canadian sales, EDC will cover 90% of your insured losses.
Discover insights and advice on the key economic indicators impacting Canadian companies in 2021.
