WATCH: The Economy Under Pressure
Date Published: December 2nd, 2021
TD’s Chief Economist, Beata Caranci, shares a client presentation from November 26 that covers three themes:
- A global forecast update
- A discussion on the inflationary drivers and how we're interpreting the extended supply chain pressures on the outlook
- An overview of global virus developments and potential forecast implications
This presentation was recorded just as the Omicron variant hit the news wires. The final slides of the presentation offer a perspective on the early policy responses to rising infections within countries that have a highly vaccinated population. Hesitancy by policymakers to reimpose harsh or long lockdowns may be capturing a higher risk of an escalation in social unrest. Are we nearing the stage of the pandemic where the combination of vaccines, natural immunity and therapeutics can keep the economic engine running? We'll soon find out.
Disclaimer
This report is provided by TD Economics. It is for informational and educational purposes only as of the date of writing, and may not be appropriate for other purposes. The views and opinions expressed may change at any time based on market or other conditions and may not come to pass. This material is not intended to be relied upon as investment advice or recommendations, does not constitute a solicitation to buy or sell securities and should not be considered specific legal, investment or tax advice. The report does not provide material information about the business and affairs of TD Bank Group and the members of TD Economics are not spokespersons for TD Bank Group with respect to its business and affairs. The information contained in this report has been drawn from sources believed to be reliable, but is not guaranteed to be accurate or complete. This report contains economic analysis and views, including about future economic and financial markets performance. These are based on certain assumptions and other factors, and are subject to inherent risks and uncertainties. The actual outcome may be materially different. The Toronto-Dominion Bank and its affiliates and related entities that comprise the TD Bank Group are not liable for any errors or omissions in the information, analysis or views contained in this report, or for any loss or damage suffered.