Global growth to stay strong but virus the top risk, say economists

A global survey of nearly 500 economists taken this month also concluded recent rising inflation in key economies around the world would be transitory.

"Overall, we see the Delta surge as a moderate headwind to global growth, but as new information comes in, we can be persuaded otherwise." Over 70 percent of economists, or 152 of 209, said the current uptrend in global inflation was transitory. While economists expected the Fed to end its bond-buying program by end-2022, with a few more analysts now predicting a rate hike as early as next year, the Bank of Japan and the Bank of England were predicted to keep policy unchanged through to the end of next year.

"Vaccination remains the key," noted Vishwanath Tirupattur, strategist at Morgan Stanley. "Risks remain elevated in countries with low vaccine penetration, especially in South and South East Asia, Africa and other EM economies." Brazil's economy was forecast to extend its "jobless recovery" after this year's inflation surge, while prospects for growth in Mexico looked brighter.

Philippines Latest News, Philippines Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

The Filipino influence in Global CODMThe Call of Duty Mobile Masters Tournament for both North America and Europe came to a close just over a week ago, with Tribe Gaming and Nova Esports coming out on top for their respective regions
Source: inquirerdotnet - 🏆 3. / 86 Read more »

Popular S. Korean musicals, plays to go online for global audienceThe Korea Tourism Organization is bringing five of the most popular performances from a performing arts tourism festival to the global audience online from July 30 to Nov. 26. AsiaNewsNetwork
Source: inquirerdotnet - 🏆 3. / 86 Read more »

Duterte takes pride in role of tax reform in driving pre-pandemic economic growthPresident Rodrigo Duterte says the economy's strong pre-pandemic performance was 'sustained' by tax reform efforts, adding that it was among Asia's fastest growing ones before the COVID-19 health crisis hit the country. 🇵🇭👑🤡 What's strong in an economy with few jobs, high prices, and negative credit rating outlook.
Source: CNN Philippines - 🏆 13. / 63 Read more »

Volleyball: China stunned by Turkey, US ease past ArgentinaChina's top scorer Zhang Changning says they must 'prepare from zero' for the upcoming games. Tokyo2020 Olympics
Source: rapplerdotcom - 🏆 4. / 86 Read more »

COVID-19 recovery rate in Olongapo City now at 88 percentOlongapo City's recovery rate from COVID-19 increased slightly from 87 to 88 percent within a week, local virus data showed on Monday, July 26.
Source: inquirerdotnet - 🏆 3. / 86 Read more »

DOH reports 55 new cases of Delta variant of COVID-19 virus, total now at 119The Department of Health (DOH) reported on Sunday, July 25, 55 new cases of the Delta variant of coronavirus in the Philippines. READ: Lies If we have a better border control and strict quarantine of all incoming passengers maybe we have no cases of this delta variant, if the govt will not impose lockdown now we will be seeing the same of what Indonesia is experiencing now.
Source: manilabulletin - 🏆 25. / 51 Read more »