Global economy to remain in tenuous position in 2021, says Moody's

Social issues will attract further prominence in 2021 in public policies, corporate strategies and investment decisions

Global credit conditions are likely to improve overall in 2021, aided by unprecedented fiscal and monetary policy support in the wake of the Covid-19 crisis, Moody's Investors Service said on Monday.

However, the initial, rapid economic rebound is giving way to a patchier, more tenuous recovery, as the pandemic proves hard to contain.

In a new report, Moody's examined six key themes that will shape the credit environment in the year ahead: uneven recovery, policy challenges, rising debt levels, digital transformation, environmental impact and social trends.

"The vast policy support from the governments since the start of the crisis will