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.
Fading third wave vs. Delta variant; Economic revival vs. inflation risks - July 2021
Across the world, progress is improving greatly for many countries. But as the delta variant spreads rapidly beneath the surface, Chief Economist Eric Lascelles maintains that it will be a race between vaccines and the variant to determine whether there will be another significant wave. Over to inflation; while the market thinks high inflation is potentially a multi-year experience, there is evidence to suggest it will be temporary. Finally, Eric runs through some real time economic data. He notes a rise in businesses’ pricing power, and how pent-up demand has led to an enthusiastic revival for travel.