Page 48 - Monaco-Economy-118

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global activity will pick up in 2021, with an À MONACO,
expectation of around 4%. The eurozone’s GDP
is expected to decline by 7.5% in 2020 before
rebounding to 3.9% in 2021.” However, not all UNE GRANDE
countries are in the same boat: China and the
United States, for example, are spending the
lion’s share: “At $1.9 billion, the new budget INSTITUTION
package of the Biden administration should
give a strong boost to growth in the United
States in 2021 and offer considerable positive
spillover to trading partners,” according to the AU SERVICE DE
IMF, who say that “China is expected to grow
8.4% this year.” Whilst some economists fear
an impact of the health crisis until the end of VOTRE PATRIMOINE
the decade, others hope that the 2020s will be
prosperous and ‘roaring’, like the 1920s after
the First World War. Today everyone wants to
see immunisation as the light at the end of the
tunnel. “We now have 52 factories working 24
hours a day, seven days a week in Europe to
produce Covid-19 vaccines,” announced the
European Union’s ‘Mr Vaccination’, Thierry © Michael Alesi / Direction de la communication
Breton, to various different media. Next is
producing and delivering to Europeans the
360 million doses planned at the end of the
second quarter and the 420 million needed Grimaldi Forum
to aim for collective immunity in mid-July. Everyone is looking at the Israeli example: Could this be a glimpse of what’s to come?
In Monaco, in mid-April, nearly 30% of the having become the vaccination kings, the Or are we looking at the pre-Covid-19 world
population had already been vaccinated. country has rediscovered the taste of freedom. again? We’ll have to wait and see.

The health crisis has given birth to a new vocabulary and,
perhaps, changed what we think is true BANQUE POPULAIRE PRIVATE BANKING

BANQUE POPULAIRE CORPORATE BANKING
The tone was set at the start of the pandemic: WhatsAppéro/Skyp’Ero/Clapping at 20h: what Essential Goods/
language and and lexical lessons would be the kept us going through a typical lockdown day, Activities: little by
order of the day. Is it le or la Covid-19? The first time around. little, philosophical MONACO MONTE CARLO PALACE
Académie Française duly debated and decided questions have
that it would be LA Covid-19 that was caused Webinar/Zoom Meeting/VPN: the new crept into the daily 3/9 Boulevard des Moulins
by LE Coronavirus. With the upheaval caused teleworking tools in a world where it must be debate – take up your pens, you have four hours Tél : +377 92 16 57 57*
by the global pandemic, along came the brand decided whether work meetings are organised to answer the following: Is culture an essential banquepopulaire.mc
new vocab that we all use today. in-person or remotely. activity? Discuss.

Lockdown/De-confinement/Curfew: defining Asymptomatic/Anosmia (loss of sense of Pangolins/Scaly Anteaters: a little over a year
the limits of our free movement. smell)/Ageusia (loss of taste)/Viral Load/ ago, only a zoologist would have been able to
RAT: our medical vocabulary has grown and the tell you about these nice little insectivores but
Social Distancing/Barrier Measures: affecting little knowledge we have on the basics means now, after top billing on the news for several
our habits and interactions with other civilised we have opinions about everything. months, children are drawing them all the time.
people, so that we better protect ourselves,
adopting a whole new style for our faces – style Incidence Rate/R-Number: our distant In conclusion, after more than a year, we are all *Appel non surtaxé, coût selon opérateur
not being the operative word. memories of statistics have been revisited as eager to get back to normal, get rid of all this new Banque Populaire Méditerranée, société anonyme coopérative de Banque Populaire à capital variable (articles L. 512-2 et suivants du code monétaire et
we look at how the virus reproduces. vocabulary and get the good times rolling again. financier et l’ensemble des textes relatifs aux banques populaires et aux établissements de crédit). 058 801 481 RCS Nice. N° d’immatriculation auprès
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