The global economy is poised for a strong rebound, but investors should beware of market volatility stemming from pronounced inflation fears.

Vaccinations and fiscal support should lift the global economy in 2021, but several risks call for careful portfolio positioning.

Major economies are contracting, but extraordinary policy responses could limit severe recessions to this year.

Our baseline economic forecast is a U-shaped global recovery, but substantial unknowns remain.

The outlook for the global economy has improved over the past three months, but there may be less capacity to combat a recession when it comes. We discuss seven key macroeconomic themes we expect in 2020 and implications for investors.