The Year 2021: A Series of Macro Records
... the world Given the prominence of base effects in 2021, the longer term question about the growth trajectory of the global economy is whether the crisis period was in fact used as an opportunity to revamp and adapt the economic system to the new realities ... ... growth. This was most clearly observed in 2020, when Russia’s fiscal stimulus proved to be more moderate than in most of the G20 economies. This was replicated in 2021 as well, with further waves of the pandemic eliciting a relatively moderate fiscal ...