Economic Snapshot for G7 Countries
September 29, 2021
Global economic activity is set to rebound in 2021
The global economy will bounce back this year on supportive fiscal and monetary stances and the vaccine rollout. However, fast-spreading Covid-19 variants will lead to stop-start restrictions in some countries, weighing on activity. Next year, growth should moderate on a less favorable base effect.
Global inflation to rıse in 2021
Global inflation should rise this year from last—particularly in developed economies—amid hefty stimulus, higher commodity prices, supply bottlenecks and recovering economic activity. In 2022, inflation should ease but will remain elevated as some ongoing supply disruptions linger and further economic slack is absorbed.
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5 years of Major Economies economic forecasts for more than 30 economic indicators.
Major Economies Economic News
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Germany: Merchandise exports drop in August
October 14, 2021
Merchandise exports dropped 1.2% month-on-month in August on a calendar- and seasonally-adjusted basis, swinging from July’s 0.6% expansion.
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United Kingdom: Industrial output growth speeds up in August
October 13, 2021
Industrial output rose 0.8% month-on-month in seasonally-adjusted terms in August (July: +0.2% mom).
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United Kingdom: Economic activity bounces back in August
October 13, 2021
GDP increased 0.4% in month-on-month seasonally-adjusted terms in August, which contrasted July's 0.1% decrease.
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Germany: Inflation rises to record-high level in September
October 13, 2021
Harmonized consumer prices rose 0.27% month-on-month in September, up from August’s 0.09% increase.
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Italy: Industrial output dips in August
October 11, 2021
Industrial output decreased 0.2% month-on-month in seasonally-adjusted terms in August (July: +1.0% mom).
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