In 2019 China became a net recipient of financial flows from developing economies.

The global economy is going through a digital-payment revolution. Accelerated by the effects of the coronavirus pandemic, countries across the world have been forced to modernise their payments systems with touchless and contactless payment options in order to keep commerce flowing and sustain economic growth.

The Economist Intelligence Unit now expects China to vaccinate 60% of its population by the third quarter of 2021, compared with mid‑2022 previously.

The euro zone recorded robust quarterly growth of 2% in the second quarter. The rebound reflected the impact of the lifting of restrictions across the bloc during April-June and was in line with what we were expecting. Consumer confidence and service sector activity picked up sharply, catching up with already resurgent manufacturing activity.

On August 5th Statistics Indonesia (BPS) released data showing that the economy grew by 7.1% year on year on a real, seasonally adjusted basis in the second quarter of 2021. This compares with a 0.6% contraction in the first quarter.

In EIU’s latest global outlook video, Agathe Demarais, Kate Parker and Matthew Oxenford share EIU’s views on the new German government and the 2022 French presidential election.

The covid-19 pandemic sent the global economy into deep recession in 2020; global GDP contracted by 3.7% (at market exchange rates)—the worst outturn since the 1930s.

Gabriel Boric of the left-wing Apruebo Dignidad (AD) coalition won the second-round run-off presidential election on December 19th, defeating José Antonio Kast of the far-right Frente Social Cristiano (FSC). Mr Boric’s large margin of victory bodes well for governability in the short run, but a cloudy economic outlook, polarised politics and high expectations pose risks for the new president over the medium term.

Economic growth will slow over the next 30 years as some countries reach higher levels of development while others struggle to diversify their economies.

The start of the year 2022 marks the second anniversary of the coronavirus pandemic. As we embark on our third pandemic year, the EIU’s team of experts has taken a look back at some of the many projections we got right over the past two years.