IMF fractionally downgrades 2021 GDP, leaves 2022 unchanged

The latest World Economic Outlook

• 2021 GDP seen at 5.9% from 6.0% in July
• 2022 GDP remains at 4.9%
• Cuts US forecast by 1 percentage point this year
• China 2021 GDP cut to 8.0% from 8.1%
• Risks tilted to the downside including emergence of new variants and more persistent supply-demand mismatches
  

The IMF highlighted there could be a downgrade recently.

More to come

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October 13, 2021 at 01:03AM
Adam Button
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