The relatively small fall in November’s flash composite PMI suggests that the hit to GDP from the second lockdown will be much smaller than the first and that our expectation of an 8% m/m drop in GDP in November may prove to be too pessimistic.
Webinar Invite: Global State of Play
Wednesday, 25 November
Led by Group Chief Economist Neil Shearing, our senior economists will be holding a briefing on the health of the global economy, including an assessment of current lockdowns, the potential impact of vaccines, and what this all means for financial markets. Complimentary registration here.
Subscriber content
Read this in full, free
Start a free trial and use one of your 10 free starter credits to unlock this piece.