Global Economic Forecasts: Q3 2021

Global Economic Forecasts: Q3 2021

The global 2021 real GDP growth baseline forecast has remained roughly unchanged over the last quarter at 5.8% and real GDP growth of 4.7% in 2022. The stable 2021 global outlook combines major upwards revision to the Eurozone, Brazil and Mexico countered by substantial downgrades to the outlook in India and other Asia Pacific economies. The economic recovery in the baseline forecast would still leave global real GDP more than 2% below the pre-pandemic forecast level in 2022.

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