Global Economic Outlook: Slowing growth, rising inflation fears

We are more downbeat on global growth prospects for next year than other major forecasters. Our forecast for the world economy is still an expansion of 5.8 per cent in 2021 (0.1 percentage points lower than our Summer Outlook). Despite the virus continuing to crimp economic activity and severe suppl...

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Bibliographic Details
Published in:National Institute economic review 2021, Vol.258, Article e2
Main Authors: Macchiarelli, Corrado, Naisbitt, Barry, Boshoff, Janine, Holland, Dawn, Hurst, Ian, Liadze, Iana, Mao, Xuxin, Juanino, Patricia Sanchez, Thamotheram, Craig, Whyte, Kemar
Format: Article
Language:English
Subjects:
Coronaviruses
COVID-19
Economic activity
Economic growth
Economic indicators
Economic policy
Economic recovery
Economics
Emerging markets
Eurozone
GDP
Global economy
Gross Domestic Product
Industrial production
Inflation
Interest rates
Manufacturing
Market economies
Pandemics
Prospects
Social research
Supply
Trends
Citations: Items that this one cites
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Summary:We are more downbeat on global growth prospects for next year than other major forecasters. Our forecast for the world economy is still an expansion of 5.8 per cent in 2021 (0.1 percentage points lower than our Summer Outlook). Despite the virus continuing to crimp economic activity and severe supply chain disruptions holding back the recovery, we forecast global growth of 4.3 per cent in 2022.
ISSN:0027-9501
1741-3036
DOI:10.1017/nie.2021.45