GLOBAL & REGIONAL MONTHLY (Wednesday, 3 November 2021)
GLOBAL & REGIONAL MONTHLY (November 2021)
HIGHLIGHTS
As was revealed in Q3 GDP reports from several major economies, the global economic recovery continues, but the growth momentum has slowed after peaking in Q2 following the reopening of economies. Meanwhile, inflation pressures continue to build, with investors upgrading their inflation expectations and position towards an earlier and faster monetary policy normalization. This comes as several major CBs are shifting to a more hawkish stance, amid concerns that stubbornly high inflation could be embedded into inflation expectations, triggering material second round effects on the labour market.
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