IMF Lowers 2021 GDP Forecasts for Most Nations-Health, Supply, Prices!

The IMF came out with new projections for 2021 and 2022 that will be somewhat more muted then what we have experienced over the past few quarters. They state GDP will be 5.9 percent in 2021 and 4.9 percent in 2022. Factors such as global availability of vaccines, inflation, supply chain issues, etc.. etc.... etc....(ok...its not that bad!). Basically we have some challenges but our overall growth will be fairly positive in orientation (Some of this might be based on a shift in the way we do business, adjusting supply chains to overcome challenges, and the overall ability of the corporate structure and the labor market to shift. So 2022 to 2023 will be more indicative of our new economic homeostasis....and in turn our postCovid competitive position. Something we might want to compare with China and Europe. Did we gain traction or did we lose traction?)

You may want to read Recovery During a Pandemic or the Executive Summary if your looking for a quick review (It is the same thing as an abstract in a research study. I guess if we applied research we could call it an Executive Abstract written specifically for industry to apply concepts. This isn't the case here but sometimes in higher education we write things that are for academia but then don't always do a great job at making it "usable" for industry advancement. Perhaps summarizing research for industry application could have a subtle but fairly large underlining factor on industry development. Think about it...you need new ideas to flow between the higher edu and industry. I suspect that is one of the differences between PhD and DBA in that the latter seeks to apply research more....but I suspect this will change some over time.)

 Andrea Shalal from Reuters wrote a excellent article IMF trims 2021 GDP forecast, citing 'vaccine divide,' inflation highlighting some of the issues. In addition, Jeff Cox from CNBC also put together a more inflationary discussion IMF warns on inflation, says the Fed and others should be prepared to tighten policy (Important to consider. We should look to the news and read widely to understand trends but we should also go back to the sources and interpret the information for ourselves. Each writer uses their experiences to understand that information and they do so by their own particular lens and expertise. To develop your own lens means understanding the report on your own and in turn understanding the general public discussion on such issues.)

You can read IMF's Chief Economist, Gita Gopinath, the Deputy Director of the Research Department's transcript October 2021 World Economic Outlook Press Briefing

The Study is here again for your perusal. Recovery During a Pandemic