Chief Economists Outlook 2021

The document analyzes the shift toward a 'new economy' following the COVID-19 pandemic, highlighting the roles of vaccine distribution, remote work, and increased government intervention. It explores fiscal and monetary policy pathways, the rise of digital market power, and the need for renewed multilateral cooperation to address climate change and inequality.

• The pandemic has accelerated five major economic dynamics: new work arrangements, deeper inequality, deglobalization, an expanded role for government, and increased market power for technology giants.
• Vaccine rollout is characterized by extreme unevenness, with high-income countries like the US, UK, and Japan aiming for 70% coverage by Q2 2021, while some low-income countries may not receive supplies until 2022.
• The pandemic significantly worsened income inequality, with the US labor market showing a stark gap where the lowest earners saw jobs drop by more than 30% while high earners saw a trough of around 5%.

APA

World Economic Forum (2021). Chief Economists Outlook 2021. http://www3.weforum.org/docs/WEF_Chief_Economists_Outlook_2021.pdf

Chicago

World Economic Forum. Chief Economists Outlook 2021. 2021. http://www3.weforum.org/docs/WEF_Chief_Economists_Outlook_2021.pdf.

Wikipedia

{{cite report |author=World Economic Forum |title=Chief Economists Outlook 2021 |date=January 2021 |url=http://www3.weforum.org/docs/WEF_Chief_Economists_Outlook_2021.pdf |access-date=23 October 2026 |via=Climate Insights Directory}}

BibTeX

@techreport{worldeconomicforum2021chief, author = {{World Economic Forum}}, title = {{Chief Economists Outlook 2021}}, institution = {World Economic Forum}, year = {2021}, month = jan, url = {http://www3.weforum.org/docs/WEF_Chief_Economists_Outlook_2021.pdf}, urldate = {2026-10-23}, note = {Indexed by Climate Insights Directory} }