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Quarterly updates on the outlook for the global economy from Chief Economist Dana M. Peterson
September 14, 2021 | Report
The COVID-19 Delta variant has disrupted the global recovery from the 2020 pandemic-induced recession. The net effect is downgrades to growth and employment forecasts for 2021 but potential for upward revisions in 2022. The variant also signals a more delayed end to upward inflationary pressures, dividing central banks between those that can afford to wait before removing monetary policy accommodation and those that cannot.
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