Home Free Trial Oxford Economics Latest Global Outlook - November / December 2021 We still think the Q3 soft patch for the global recovery was temporary and expect a pick-up in growth in Q4. As a result, our world GDP growth forecasts for 2021 and 2022 are unchanged at 5.7% and 4.5% respectively. But the global recovery remains volatile due to supply-side problems. The slowdown in q/q GDP growth in Q3 from 1.4% to 0.9% was a response to disruption, especially in Asia, from higher Delta cases as well as ongoing supply-chain bottlenecks constraining production in some sectors. DOWNLOAD FREE REPORT NEW! GLOBAL CLIMATE SERVICE: Helping you to assess the impact of global warming... CORONAVIRUS: Q3’s GDP softness may be a blip... WORLD POST COVID: Vaccination not the only remedy for African tourism recovery... GLOBAL SCENARIO REPORT: Delta Surge... BREXIT: Assessing the economic implications... FORECASTS AND MODELS Oxford Economics is a leader in global forecasting and quantitative analysis, with the world’s only fully integrated economic model and 250 full-time economists, we help our clients track, analyse, and model country, industry, and urban trends. Learn more CONSULTING Our economists and thought leadership specialists are expert at applying advanced economic tools to provide valuable insights into today’s most pressing business, financial, and policy issues. Learn more LATEST ANALYSIS NOV 23 2021 Recovery Tracker highlights the Eurozone gloom Our Eurozone Recovery Tracker recorded a sizeable drop over the two weeks to November 7, mainly driven by worsening conditions in health and mobility. The 1.1pts slide was the largest since April. NOV 23 2021 Eurozone: Long-term forces to keep interest rates and inflation low Whether eurozone inflation is temporary or merely transitory is hotly debated at present, but it doesn’t matter for interest rates over the medium-to-long term. What matters are the secular forces tha... NOV 23 2021 United States: A labor force participation rebound is in sight We expect easing labor supply constraints and historically tight labor market conditions will draw people back into the US workforce in the coming quarters. After moving sideways for more than a year,... NOV 23 2021 The real estate bounce will extend into 2022 After bouncing back from the pandemic in 2021, global real estate will likely have another strong year in 2022 – we expect returns of 8%. Despite disruptions in product and labour markets and isolated... NOV 23 2021 More talk or actual progress? Assessing COP26 outcome The most important achievement at COP26 was the success of the ‘Paris ratchet,’ whereby countries have to return every five years with updated emission targets. All told, including the long-term plans... 123456> See all recent releases RECENT RELEASES From opportunity to impact: Assessing the economic, societal, and cultural benefits of YouTube in Italy This study assesses YouTube's contribution to GDP and employment in Italy, and its broader impact on society and culture. Da opportunità a impatto: Valutazione dei benefici economici, sociali e culturali di youtube in Italia Questo studio valuta i contributi di YouTube al PIL e all'occupazione in Italia, ed il suo impatto più ampio sulla società e sulla cultura Italiana. Convertir las oportunidades en éxitos: Evaluación del impacto económico, social y cultural de YouTube en España Este estudio evalúa la contribución de YouTube al PIB y al empleo en España y, en un nivel más amplio, su impacto social y cultural. From opportunity to impact: Assessing the economic, societal, and cultural benefits of YouTube in Spain This study assesses YouTube's contribution to GDP and employment in Spain, and its broader impact on society and culture. From opportunity to impact: Assessing the economic, societal, and cultural benefits of YouTube in Poland This study assesses YouTube's contribution to GDP and employment in Poland, and its broader impact on society and culture. OXFORD ECONOMICS IS LOCAL As your local partner, we know your market, understand the trends that matter most to you and we speak your language. Explore our regional offices and discover how we can help you locally. Learn more GLOBAL CLIMATE SERVICE Helping you assess the economic impact of global warming and its implications for your business through risk assessment forecasts, scenario analysis and our climate databank. Learn more THE WORLD POST-COVID Evidence-based perspectives from our economists and analysts about the key issues confronting the global economy. Read more EVENTS & WEBINARS We run an extensive, worldwide programme of illuminating forums, roundtables and webinars with presentations from our economic experts. What's on? IN THE MEDIA NOV 21 2021 YAHOO! FINANCE: 'The greatest story for the 2022 outlook yet untold' NOV 21 2021 FINANCIAL TIMES: The unexpected surge in inflation, in charts NOV 18 2021 REUTERS: China walks a tightrope on property clampdown NOV 17 2021 THE DAILY TELEGRAPH: Europe's economic recovery loses momentum as Covid cases rise NOV 17 2021 EL PAIS: Egypt seeks to be a powerhouse of electricity in the region NOV 16 2021 EL PAIS: Tata Steel divides the Netherlands: environment or economy? NOV 16 2021 REUTERS: UK economy withstands end of jobs support, easing BoE worries NOV 16 2021 QUARTZ: Inflation is up and confidence is down but the American consumer keeps spending NOV 16 2021 BANGKOK POST: What Does Inflation Mean for U.S. Businesses? For Some, Bigger Profits NOV 15 2021 METRO: Can’t keep the staff? Here’s how to make your business attractive to employees NOV 15 2021 FINANCIAL TIMES: China home prices fall as property slowdown threatens economic outlook NOV 12 2021 THE BUSINESS TIMES: China's real estate slump likely to be significant but contained, say economists LATEST TWEETS OXFORD ECONOMICS About us Contact us Media Economists and analysts Careers PRODUCTS AND SERVICES Subscription services Economic impact Thought leadership HELP AND SOFTWARE Help using our services Software and downloads Latest technology developments PRIVACY AND LEGAL Privacy policy Cookies Data protection Terms and conditions Terms and conditions US Software Support and Training FOLLOW US LinkedIn Twitter Facebook © Oxford Economics 2021 all rights reserved We use cookies to ensure you get the best experience on our website. For more information please read our cookie policy Continue