Oxford Economics


Latest Global Outlook - December / January 2022

It is unclear how serious the health implications of the new Omicron coronavirus variant will be, let alone how governments, households and firms will respond to it. But against this uncertain backdrop, we have lowered our baseline GDP forecasts. Global GDP growth is now expected to slow from 5.7% this year to 4.3% in 2022, down 0.2pp from a month ago.

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