Chief Economist Eric Lascelles, starts the month with the latest COVID-19 developments. Most countries around the world are reporting rising cases. Even highly vaccinated countries are seeing increasing infections -- although disproportionately among the unvaccinated. Moving to inflation: In the very short term, there are a number of forces that will push inflation higher over the next several months, including the rebound in oil prices, shipping bottlenecks, and so on. However, most of these are temporary. Finally, Eric provides an update on the U.S. growth forecast.
Click here for the full webcast; RBC GAM Monthly Economic Webcast.