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Could Delta Curb the V-shaped Economic Recovery?

90 mins.
13 SEPTEMBER, 2021
análisis macroeconómico
Ignacio De la Torre
Leopoldo Torralba
Coronavirus Monetary Policy Real Estate Commodities Financial Markets Spain Global US Europe China AER Global
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During the summer, the media reported alarming news: 1. The efficacy of vaccines diminishes over time, as illustrated by the increasing cases in Israel, which was two months ahead of Europe in its vaccination schedule 2. The situation is worsening in the US and Asia as a result of the emergence of the Delta variant 3. It will be harder to achieve group immunity than initially expected. Moreover, as we warned in June 2020, inflation is rising, and this will have relevant consequences for interest rates
How has the outbreak of delta affected the evolution of the pandemic?
How are the different world economies performing?
What is happening in the markets?
What is our future stance on growth, inflation, interest rates, currencies and commodities?

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