IHS Markit informs, in a report published on Thursday, that it revised downwards its forecast for the growth of the world economy this year, from 6.0% to 5.8%. The consultancy says that this is the result of a “less robust” expectation for the Asia/Pacific region and the United States, only partially offset by better prospects for Europe and Latin America. In this framework, she states that the 2021 setback for world production growth will be fully offset in 2022-2023.
In 2021 and 2022, growth will be linked to progress in covid-19 vaccination, notes IHS Markit. Countries with low levels of vaccination face more risks from the delta variant of the virus, he points out. As for those who manage to conduct safe reopenings, there must be a “robust” advance in the activity.
In June, the consultancy predicted that the US economy would grow 7.4% this year. Now, however, it projects 6.6%. In the case of the euro zone, the current expectation is for an increase of 5.0%, in the United Kingdom, 6.6%, and in China, 8.5%.
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