IHS Markit: Global GDP growth this year to be almost 6%

IHS Markit analytical company predicts global real gross domestic product (GDP) to rise 5.7 percent in 2021 and 4.5 percent in 2022, led by strong recoveries in consumer spending and business investment, Report informs referring to The Edge Markets.

“This month’s forecast of global growth has been revised downward by 0.1 percentage point for this year and 0.2 percentage point for 2022, mostly owing to a less robust performance in the US,” said Sara Johnson, the executive director of global economics at IHS Markit.

The international financial market data provider sees global growth settling at 3.2 percent in 2023 as pent-up demands are satisfied and fiscal and monetary stimuli are withdrawn.