Businesses surveyed in December indicated that they were concerned second wave of Covid-19 infections would lead to more restrictions. While output levels were largely stable in December, there were issues in sourcing raw materials due to Covid-19 restrictions, the IHS Markit survey shows. Businesses are hardly optimistic about the future, in light of the second wave of Covid-19 infections which they fear would lead to more restrictions, a survey shows. Similarly economists at Momentum Investments noted the renewed lockdown restrictions would weigh on the economic recovery. Momentum Investments sees medical advances contributing significantly to the overall global economic recovery.

Source: News 24 January 06, 2021 09:22 UTC