Another solid year of global economic growth

The year ahead promises to be one of the strongest for many more countries. How strong will depend heavily on bringing the pandemic under greater control.

A scatter chart showing Visa SMI versus new COVID-19 cases (relative to employment) and CPI inflation rate. See image description.
Scatter chart showing Visa SMI versus new COVID-19 cases (relative to employment) and CPI inflation rate. Visa SMI ranges from 75 to 125 while new COVID-19 cases (relative to employment) ranges from 0% to 20%. When SMI is as low as 73.2, share of new cases to employment is 1% while its inflation is 0%. When SMI is as high as 123.4, share of new cases to employment is 2% while its inflation is 5%. When share of new cases to employment is as high as 17%, the SMI is 114.7 and inflation 5%. Inflation is as high as 7% when the SMI is at 110.2 and new infection per employment is at 7%.