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 As the recovery phase matures, growth rates will slow – policy drags will emerge as emergency stimulus is withdrawn and monetary support is reined in.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:
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Disparate recoveries in major economiesBifurcated vaccination rolloutReopening surge surprises to upside
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Employment lags economic recoveryExports growth to slowSpecial-purpose government bondsLead times lengthen amid buoyant ordersIndustry absorbing higher costsGlobal industry by sector
What's included
This report contains:
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