Episodes
Wednesday Aug 25, 2021
Global Data Pod: A surprising slowing in global growth momentum
Wednesday Aug 25, 2021
Wednesday Aug 25, 2021
Our forecasts anticipate an acceleration in global growth this quarter but incoming data point to momentum slowing. There are likely a number of factors contributing to this slowing – including China policy tightening; a Delta sentiment drag; and persistent supply side constraints. While it is still likely that global growth will remain well above-trend, risks to our 2H21 forecast for global GDP to grow nearly 3%-pts above its potential pace are now skewed to the downside. Our focus is thus shifting toward confirming that the forces currently weighing on momentum will soon fade from the scene.
This podcast was recorded on August 25, 2021.
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