There was little change to the overall market background during the month. Attention remained dominated by the risk of new waves of the virus, and the pace with which vaccines are being administered in major regions.
Economic indicators have been generally positive recently, although the implementation of various lockdown restrictions nationwide are
clouding the outlook.
The global economy is being shaped by conflicting triggers. These include productivity-boosting technology innovations, geopolitical tensions and the strident efforts of central banks to bring inflation under control. We examine the economic outlook and discuss the implications for your retirement savings.
With inflation coming off the boil, there was optimism that borrowing costs have peaked and could be lowered later this year. In turn, this could be beneficial for corporate earnings.
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