Insight
Global economic outlook Q3 2021: industry strains in reopening surge
*Please note that this report only includes an Excel data file if this is indicated in "What's included" below
Report summary
While the Covid-19 pandemic endures, the global economy is firmly in the recovery phase. We expect global GDP to bounce back 5.3% this year. But the global recovery is taking a breather as the reopening surge subsides in major economies. As the recovery phase matures, growth rates will slow – policy drags will emerge as emergency stimulus is withdrawn and monetary support is reined in. Global growth rates will drop back to pre-pandemic pace around 2.6% per annum in 2024.
Table of contents
- Deeply uneven recovery
- China is slowing
- What can we expect from economic policy?
- Industry: cracks appear
- Risks to the outlook
Tables and charts
This report includes the following images and tables:
- Disparate recoveries in major economies
- Bifurcated vaccination rollout
- Reopening surge surprises to upside
- Employment lags economic recovery
- Exports growth to slow
- Special-purpose government bonds
- Lead times lengthen amid buoyant orders
- Industry absorbing higher costs
- Global industry by sector
What's included
This report contains:
Other reports you may be interested in
Insight
US reciprocal tariffs pose downside risks to global economic outlook
Economic slowdown in the short term and a restructure of global trade and supply chains eventually.
$1,150
Insight
Global oil supply short-term update - May 2025
Weakening demand outlook and OPEC+ easing of production cuts puts pressure on prices
$1,350
Insight
Global economic outlook Q3 2024: shaking off shocks
The global economy is shaking off the shocks that have rocked growth recently. But a return to stability is far from complete or certain.
$950
