Stronger recovery will not unleash inflation

If you are already a subscriber, click here for the full report.

Each month Oxford Economics’ team of 250 economists updates its baseline global economic outlook using the Global Economic Model, the only fully integrated economic forecasting framework of its kind.

March / April 2021

• Although we have upgraded our global GDP growth forecast for 2021 again, to 6.0% from 5.6%, we do not expect this to trigger a sustained rise in inflationary pressures.
• We still view the pandemic as being disinflationary and expect the low inflation/low yield environment of the past decade to persist.
• The US looks set for an even bigger fiscal boost than we had expected a month ago, and its GDP growth is now seen at 7.0% this year. 

Fill out the form to download the free executive summary of our global economic forecast.

Journalists: if you are a member of the media, please do not submit this form but instead complete the media form on this page or contact our communications team.