Global economic outlook Q4 2021: growth stutters

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After a stellar recovery this year, the global economy will slow in 2022. The consumption boom driven by pent-up savings and the reopening of economies will moderate. Withdrawal of emergency fiscal stimulus and asset purchase tapering by major central banks are headwinds for the global economy. Energy prices, inflation, supply constraints and new Covid-19 variants are downside risks for the growth outlook.

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    Q4 2021 Macroeconomic Outlook Final.pdf

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