Global Economic Recovery Accelerates
Global economic recovery is accelerating as vaccination rates increase and countries fully open their economies. We’ve raised our forecasts for growth for a number of countries including the United States, Europe, Mexico, Australia and Taiwan just to name a few. Some areas of the world continue to struggle, and we’ve lowered growth estimates for Japan, India, Indonesia and Turkey. Overall, we expect the global economy to expand 6.1 percent in 2021 and a further 4 percent in 2022.
In this month’s economic outlook report from IPC, you will find U.S. and European data on economic growth, employment, consumer sentiment, manufacturers’ sentiment (PMI), manufacturing capacity utilization and end markets for electronics.