Home News IMF Expects Less Economic Growth From U.S. Amid Supply Chain Chaos

IMF Expects Less Economic Growth From U.S. Amid Supply Chain Chaos

October 12, 2021

The International Monetary Fund cut its global growth forecast for 2021 on Tuesday, citing supply chain disruptions and pandemic-related health concerns.

In the International Monetary Fund’s (IMF) World Economic Outlook report, released Tuesday, the IMF’s economists share anticipations for global economic growth measuring 5.9% in 2021, a downgrade from their 6% projection in July.

The downgrade comes as supply chain disruptions in advanced economies worsen and the COVID-19 pandemic accelerates in emerging markets, according to the report. The IMF predicts global economic growth of 4.9% in 2022.

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