Victoire de Groote, Mitigram Macroeconomist Adviser and Global Head of Country Risk at HSBC offers an analysis of the recovery possible scenario, evaluating monetary policies, geopolitical tensions, and other elements.

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Talking points:

• 0:23 - Short term indicators point to a strong recovery and only temporary headwinds
• 0:55 - Inflation is temporary considering that
• 2:10 - Monetary policies
• 3:33 - Strong recovery... but already stabilizing
• 5:20 - Structural factors are not positive
• 6:45 - Geopolitical tensions
• 10:09 - China slowdown
• 12:12 - What to expect for trade: Recovery has varied per region and still depends on the pandemic
• 12:50 - Asia is a major driver in 2021, commodity exporters will catch up in 2022 but it will not offset the global slowdown
• 13:29 - Most sectors recovered except textile but growth is slowing down
• 14:02 - Conclusion