Economic Recovery Continues Across the Globe

IPC’s May 2021 Economic Report

The economic narrative we’ve been building in recent months continues to play out. First, COVID will be the predominant force defining economic growth in the early months of the recovery. Secondly, as COVID cases decline, economies will reopen, which will help fuel organic economic growth. Thirdly, as COVID recedes and economies reopen, pent-up demand will drive consumer spending, especially for services. Fourth, fiscal stimulus and accommodative monetary policy will be significant accelerants to economic recovery. The economies with the most fiscal and monetary support and stimulus will see the strongest growth rates.

In this month’s economic outlook report from IPC, you will find U.S. and European data on economic growth, employment, consumer sentiment, manufacturers’ sentiment (PMI), manufacturing capacity utilization and end markets for electronics.

On June 8, IPC is hosting a webinar, “Supply Chain Disruption, Economic Recovery, and What to Expect in the Post-Pandemic World.” Chief Economist Shawn DuBravac will look at some of these issues in more depth. Register now for this free event.