December 10, 2020
Please download the latest chart book, The Darkest Hour is Just Before Dawn: Challenges remain before vaccinations can save the day
KPMG's Office of the Chief Economist analyzes the current data and potential scenarios for economic recovery now that vaccine distribution is imminent.
To learn about our current scenario analysis please read The Darkest Hour is Just Before Dawn: Challenges remain before vaccinations can save the day
- While cases are rising, backsliding on economic progress is becoming more widespread
- The strength of the post-vaccine economy will depend on the quality of the economic firewall that exists between now and then
- Looking past the pandemic low interest rates will be maintained until the recovery is broad based
- If the firewall can be fortified, the post-vaccine recovery holds high promise due to a number of unique factors such as a strong monetary and fiscal responses, high household savings, and increased digital literacy of both consumers and businesses
Due to the rapidly evolving nature of this situation, we update this analysis frequently. Please check back regularly for our latest report.