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Peering into 2021

Macroeconomics in 2021 will turn on consumer demand and firm resolution

economic recovery, revival, economy, growth, gdp, market
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Illustration: Ajay Mohanty

Ajay Shah
The light at the end of the tunnel, of the health dimensions of the pandemic, is now visible. There are many difficulties in conventional data, but a transformation is now unmistakable. As an example, the official data for Mumbai showed the first Covid-19 death in March and peaked at 136 deaths on June 20. The values are now at about three deaths per day. Each neighbourhood and each community in India is at a different place on the epidemic curve, but broadly we are at a late stage of the epidemic. A reduction of deaths could have come from people
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