Latest update: 15 September

Total Covid-19 vaccine doses administered has surpassed total confirmed cases of Covid-19, with China, India and the US leading total vaccination numbers.

GlobalData expects “all” major countries to recover strongly from the pandemic, with projecting increases in GDP growth rate and rate of inflation around the world.


India leads the world in forecast economic growth rate in 2021, ahead of China and the UK with a growth rate of 9%.


The US leads the world in net borrowing/lending in 2020, as the economic burden of tackling the pandemic hits national governments directly. The US saw its net borrowing/lending fall from -6% to 16% between 2019 and 2020.

Impact of Covid-19 on equity indices


Latest update: 4 August


ICE Coal Futures prices rose steeply again in August, up by 15.1% for the month and were US$174.25/t by month end. Prices have been helped by rising demand from China and other parts of North Asia, as well as supply constraints. China's aversion to buying coal from Australia is also leading to high price increases for lower quality coal from markets such as Indonesia.


The iron ore price dropped steeply in August, ending on US$159/5, having previously been over US$200/t in July. The fall was due to the Chinese government moving to restrict steel output. China is aiming to reduce its carbon footprint, with reduced steel output in 2021 to support this. Steel production in China fell by 9.4% in July.


After reaching a six-year high of $1,325/troy oz in February, the price of platinum has been falling, dropping to US$979/troy oz in late August, and ending the month on US$1,020/troy oz. However, in 2021, prices are expected to be supported by improved demand from the auto and industrial sectors, albeit balanced by significant growth in supply after the 2020 challenges.


With rising inventories, the average copper price in August was 1% down on the July average although the price improved towards the end of the month, finishing at $9,463/t. Concerns over supplies from Chile, where strikes are threatened at several major mines, plus potentially higher mining taxes in Peru may keep prices high over the remainder of 2021.


After passing $1,900/oz in late May, the gold price declined in mid-June before steadying at around US$1,800/t in July and August. An improving economic outlook and strengthening US dollar had dampened prospects for a rise in the gold price, although they are being supported by continued low interest rates in 2021.

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