The break above zero validates the broader view that our economy is normalizing as commercial activity recovers. The robust purchasing managers’ index readings of recent months, for instance; or strong car sales, for that matter. They point to a revival in consumer demand in some markets, though a release of sales repressed by the first two quarters' lockdown did not take private consumption into positive territory overall. Production lines since then have been restored, and the third quarter saw the corona curve slide after its mid-September peak. Hopefully, though, the preventive action taken by authorities would ensure that the infection’s resurgence is contained fast.

Source: Mint February 26, 2021 15:11 UTC