HSBC and Malta Chamber hold joint post-Covid outlook webinar
HSBC Bank Malta
HSBC Bank Malta p.l.c. and The Malta Chamber collaborated on ‘The Post Covid Outlook’, a joint webinar which featured HSBC economists and strategists discussing how they expect the global economy and markets to perform in 2021.
In particular, the event focussed on the extent to which demand for consumer services will recover as economies re-open. The discussion also analysed how the economic recovery may affect policymakers globally, and how major currencies such as the US Dollar, Euro and British Pound Sterling may perform.
During the event participants heard that HSBC is forecasting higher inflation and higher costs for businesses in the first half of 2021. However, inflation should not increase beyond 2 per cent across Europe before coming down again in the second half of this year. HSBC also expects governments to continue supporting their economies with investments and reskilling.