The Banking Executive Magazine - April 2021

The Global Economy’s Uneven Recovery As for emerging markets, there now appear to be multiple economic tra- jectories – some much better than others. In India, both the manufactur- ing and services sectors are con- tributing to a strong rebound. But a resurgence of the coronavirus, rising inflation, and limited fiscal space (owing to high public debt levels) could sap some of this momentum. ISSUE 148 APRIL 2021 the BANKING EXECUTIVE 11