Headline RoundupOctober 12th, 2021

IMF Lowers 2021 Global Growth Forecast, Signals Inflation Uncertainty

Summary from the AllSides News Team

The International Monetary Fund on Tuesday signaled slowing economic momentum and rising uncertainty, lowering its 2021 global GDP growth forecast to 5.9% from its July projection of 6.0%. The 2022 growth projection remained at 4.9%, and the new projection is still significantly higher than 2020’s -3.1% decline. The IMF explained the new number by pointing to supply chain disruptions in advanced economies and pandemic dynamics in low-income developing countries. IMF Chief Economist Gita Gopinath also warned that central banks like the U.S. Federal Reserve should “chart contingent actions, announce clear triggers, and act in line with that communication” to mitigate the “risks of rising inflation expectations.”

Coverage was found primarily in business-focused outlets on Tuesday. Coverage in right-rated outlets was somewhat more likely to highlight inflation concerns, with some center-rated outlets covering IMF statements on inflation and GDP growth separately. 

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