GLOBAL & REGIONAL MONTHLY (Wednesday, 7 July 2021)
Global economic activity remains on track for a robust recovery in 2021, but mounting worries regarding the more contagious Delta variant have recently come to the forefront. The global manufacturing sector continues to experience a solid growth phase, although strengthening demand for raw materials combined with supply chain bottlenecks have led to input delivery delays and escalating inflationary pressures.
Mirroring brighter economic prospects in major advanced economies, our 2021 global GDP growth projection has been revised upwards to 6.0%, from 5.5%, boosted by unprecedented fiscal and monetary policy measures.
Viewers can read the full monthly report here below:
