Dec. 7, 2021 – Euromonitor International, a global provider of business, market, and consumer insights, has adjusted its global and U.S. domestic economic forecasts for both Q4 2021 and all of 2022. Following a 3.1% drop in global real gross domestic product (the adjusted-for-inflation value of goods and services) last year, the company is predicting it to rise worldwide by 5.7% in 2021 and 4.6% next year.
 
The main constraint is the misalliance between consumer demand and the availability of certain services. That is, reports Euromonitor, “A mismatch between the speed of recovery in demand and the rebound of global supply.”
 
As for the U.S., Euromonitor reports that the country has bounced back to its pre-pandemic levels of Q4 2019. The forecast—a rise in real GDP of 5.5% for 2021 and an increase of 4.3% next year—has actually been substantially downgraded since midyear. Reasons cited include the impact of the Delta variant and the number of unvaccinated Americans.
 
For more information: euromonitor.com.