In its latest assessment of the global economy, Moody’s Investors Service highlighted that the “headwinds to growth will dissipate next year, allowing the global economy to enter stable growth by 2023.”
Additional takeaways
“COVID-19 outbreaks continued supply chain logjams and labor shortages to diminish in 2022.
“Expect G20 economies to grow 4.4% collectively in 2022 and then by 3.2% in 2023.”
“Monetary and credit conditions will tighten as central banks look to remove pandemic-era liquidity and interest rate support.”
“Another risk to global recovery is potential for more persistent supply chain disruptions, ratcheting up of inflation.”
Related reads
- World Bank expects global growth of 5.7% in 2021 and 4.4% in 2022
- OECD trims global growth forecast to 5.7% for 2021 from 5.8% in May
