August 16, 2021 | Report
The spread of the Delta variant and continued inflationary pressures notwithstanding, we continue to anticipate robust global economic growth for the balance of 2021 and beyond. Looking ahead, a more balanced recovery that includes consumption of in-person services, capital investment, and greater exports from the rest of the world instead of domination by high-tech and manufacturing hubs in Asia will replace the consumer demand-driven rebound we have seen so far. Growth performance among the emerging market economies in 2021 is somewhat more uneven, with offsetting revisions, including for China, Latin America, Russia and Southeast Europe (upward), and India, other developing Asian economies, and Middle East and North Africa (downward).
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