Major Economies Economic Forecast

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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