The global recovery from the COVID-19 pandemic is well under way, with global GDP outperforming consensus forecasts in 2020 Q2 through to 2021 Q1. With several highly effective vaccines being deployed across a wide set of countries, the world is well on the path out of this crisis. Fathom’s latest macroeconomic model, the Centrality Tracker, is built on the premise that there are three major economic hubs — the US, EU and China — and that economic outcomes for other countries (hereafter referred to as ‘spoke economies’) are largely determined by growth outcomes in these hubs…

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