IMF Executive Board Discussion of the Outlook
Author:
International Monetary Fund. Research Dept.
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Language:
English
Print Publication Date:
12 Oct 2021
Keywords:
global outlook; growth projections; economic outlook; GDP growth; inflation expectation; commodity market development; inflation risk; inflation pressure; policy priority; Inflation; Emerging and frontier financial markets; COVID-19; Consumer prices; Global; Caribbean; Middle East and Central Asia; Central America; South America

Abstract

The global recovery continues but the momentum has weakened, hobbled by the pandemic. Fueled by the highly transmissible Delta variant, the recorded global COVID-19 death toll has risen close to 5 million and health risks abound, holding back a full return to normalcy. Pandemic outbreaks in critical links of global supply chains have resulted in longer-than-expected supply disruptions, further feeding inflation in many countries. Overall, risks to economic prospects have increased, and policy trade-offs have become more complex.

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Cover World Economic Outlook, October 2021
World Economic Outlook, October 2021
Recovery During a Pandemic
ISBN:
9781513577524
ISSN:
0256-6877
Publication Date:
12 Oct 2021
Publisher:
International Monetary Fund
DOI:
https://doi.org/10.5089/9781513577524.081
Pages:
101