Business activity in most sectors and regions is expected to return to a stable level in under a year, and from there, grow beyond pre-Covid levels by the end of 2021, according to the latest Pulse Survey of Fidelity International’s in-house analysts.
This month’s Pulse Survey shows growing optimism over the path of the Covid-19 outbreak, with business disruption estimated to come to an end within 10 months, according to the global average of responses.
Fiona O’Neill, director, global research, Fidelity International said, “Against tough economic data, green shoots are starting to emerge. China is leading the recovery, with our analysts expecting a wait of just under 6 months to reach stability, a sign the country’s economic momentum is gathering pace.
“The general upbeat picture is confirmed by a noticeable jump in the proportion of Fidelity analysts seeing positive leading indicators in their sectors.
“The energy sector has seen the greatest improvement in fortunes, led by the stabilising price of oil, with 73% of analysts responding that leading indicators are positive, up from just 8 per cent two months ago.”