NEWS ALERT : IMF lowers 2021 growth forecast to 5.9%, citing supply disruptions in advanced economies
In its World Economic Outlook published on Tuesday, the International Monetary Fund said that it lowered its 2021 global growth forecast to 5.9% from 6% in July due to supply disruptions in advanced economies, per Reuters.
*Additional takeaways*
"2022 global growth forecast unchanged at 4.9%."
"US 2021 growth forecast cut by 1 percentage point from July forecast; German growth cut by 0.5 points, Japan's growth cut by 0.4 points."
"China's 2021 growth forecast cut to 8.0% from 8.1% in July due to faster scaleback of public investment."
"2021 outlook for some low-income developing countries cut due to worsening COVID-19 dynamics; some commodity exporters upgraded on higher prices."
"Growth risks tilted to the downside, including possible emergence of new coronavirus variants, more persistent supply-demand mismatches, inflation pressures."
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In its World Economic Outlook published on Tuesday, the International Monetary Fund said that it lowered its 2021 global growth forecast to 5.9% from 6% in July due to supply disruptions in advanced economies, per Reuters.
*Additional takeaways*
"2022 global growth forecast unchanged at 4.9%."
"US 2021 growth forecast cut by 1 percentage point from July forecast; German growth cut by 0.5 points, Japan's growth cut by 0.4 points."
"China's 2021 growth forecast cut to 8.0% from 8.1% in July due to faster scaleback of public investment."
"2021 outlook for some low-income developing countries cut due to worsening COVID-19 dynamics; some commodity exporters upgraded on higher prices."
"Growth risks tilted to the downside, including possible emergence of new coronavirus variants, more persistent supply-demand mismatches, inflation pressures."
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