Across the world, progress is improving greatly for many countries. But as the delta variant spreads rapidly beneath the surface, Chief Economist Eric Lascelles maintains that it will be a race between vaccines and the variant to determine whether there will be another significant wave. Over to inflation; while the market thinks high inflation is potentially a multi-year experience, there is evidence to suggest it will be temporary. Finally, Eric runs through some real time economic data. He notes a rise in businesses’ pricing power, and how pent-up demand has led to an enthusiastic revival for travel.
Click here for the full webcast; RBC GAM Monthly Economic Webcast.