News Snapshot:
Back in August 2020, the Interact Analysis team of expert data crunchers put the growth figure for global output in 2020 at -7.8%. This figure has now been revised upwards to -4.8%. That is a significant positive adjustment, and it has been caused in the main by the unexpectedly good performance of two major global players – China and the US – though other key regions have also fared well. The 10% contraction for the US in 2020 has been reduced by more than half. This is largely due to the fact that there have been no lockdowns, so while...
