Hear directly from RBC Global Asset Management Chief Economist, Eric Lascelles in his monthly and quarterly updates. Representing RBC GAM Investment Strategy Committee's (RISC) economic views, Eric shares timely insights and the expectations of RBC GAM on the global economy.
Hope swells for 2021 - January 2021
Chief Economist Eric Lascelles kicks off the New Year with updated growth forecasts. Much of the world continues to grapple with rising COVID cases. Notably in the U.K., a new coronavirus variant is pushing case numbers higher. There are reasons for optimism though - a lot more is known about the virus and how to contain it since the pandemic first began. As such, Eric notes that Canada’s economy is about 70% back to ‘normal’ – pointing to significant recovery in key areas like employment and retail sales. Finally, we take a look at what lies ahead for the U.K. economy as Brexit takes effect.