Weekly Market Recap

18 October 2021

Aggregate output for the advanced economy group is expected to regain its pre-pandemic trend path in 2022.

  • The International Monetary Fund has revised down global growth projection for 2021 to 5.9%, no change for 2022 at 4.9%.
  • Vaccine rollout, policy support, and continued supportive financial conditions are still the key drivers for global growth.
  • 2021 downward revision of growth stems from lower expected growth in advanced countries, due to supply-side bottlenecks, while bodes well for emerging countries due to an improving outlook for commodity exporting economies.


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