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JOHANNESBURG (Reuters) - Emerging market currencies will find support from higher commodity prices and domestic vaccination rollouts this year, despite turbulence in U.S. Treasury yields that could diminish their appeal, a Reuters poll found.
FILE PHOTO: Chinese Yuan and U.S. dollar banknotes are seen in this illustration taken February 10, 2020. REUTERS/Dado Ruvic/Illustration
Just last week Treasury yields in the United States rose again as traders and investors inferred the Federal Reserve’s tone in last month’s policy meeting was a start to discussion on tapering the bond buying programme, sapping emerging market gains after good a run in April.
Global economy to stage vigorous recovery; jobs growth to lag
The global economy will recover this year from its coronavirus slump at a pace not seen since the 1970s as strong momentum builds in most major economies, according to Reuters polls of over 500 economists.
That optimism was largely led by the widely expected vaccine-driven recovery, massive liquidity injections, unprecedented fiscal support – primarily by the United States, with more in the pipeline – and continued adaptation of economic activity to overcome subdued mobility.
With many countries still facing challenges from the pandemic, when asked on the likelihood of a renewed spike in coronavirus cases derailing the global economic recovery this year, economists were split in the Reuters polls taken over the past month. (Interactive graphic tracking global spread of coronavirus: open https://tmsnrt.rs/2FThSv7 in an external browser)
By Syndicated Content
By Shrutee Sarkar and Rahul Karunakar
BENGALURU (Reuters) â The global economy will recover this year from its coronavirus slump at a pace not seen since the 1970s as strong momentum builds in most major economies, according to Reuters polls of over 500 economists.
That optimism was largely led by the widely expected vaccine-driven recovery, massive liquidity injections, unprecedented fiscal support â primarily by the United States, with more in the pipeline â and continued adaptation of economic activity to overcome subdued mobility.
With many countries still facing challenges from the pandemic, when asked on the likelihood of a renewed spike in coronavirus cases derailing the global economic recovery this year, economists were split in the Reuters polls taken over the past month. (Interactive graphic tracking global spread of coronavirus: open https://tmsnrt.rs/2FThSv7 in an external browser)
reuters://realtime/verb=Open/url=cpurl://apps.cp./Apps/econ-polls?RIC=XGGRTHAP global growth poll data Reuters poll graphic on global economic growth and inflation rate outlook: https://tmsnrt.rs/3dCZiWq Reuters poll graphic on global 2021 GDP forecast revisions: https://tmsnrt.rs/32BQtpF Reuters poll graphic on global 2022 GDP forecast revisions: https://tmsnrt.rs/3sGoxvo Reuters poll graphic on the global economy outlook: https://tmsnrt.rs/2PcCKmb
By Shrutee Sarkar and Rahul Karunakar
BENGALURU, April 23 (Reuters) - The global economy will recover this year from its coronavirus slump at a pace not seen since the 1970s as strong momentum builds in most major economies, according to Reuters polls of over 500 economists.
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