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January 2021 Economic Update

•    US:  The recovery in economic activity has continued, but the ongoing pandemic will create short term headwinds
•    UK:  The current national lockdown will delay the commencement of a sustained recovery in the UK economy
•    Euro Zone:  The re-imposition of lockdowns means the likelihood of a ‘double dip’ recession is high
•    China:  Economic activity has rebounded strongly driven by government spending and a pick-up in household consumption
•    Japan:  The recent resurgence in coronavirus cases weakens the short-term outlook
•    Australia:  An economic recovery is underway led by a rebound in household consumption
•    New Zealand:  While economic activity is recovering, some major headwinds remain

29th January 2021 / 9 mins read
Steven Carew
Chief Investment Officer
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