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Global Economy: Growth and Inflation Comparison

Global Economy: Growth and Inflation Comparison

Posted October 18, 2021
Dr. Brian Jacobsen
Wells Fargo Asset Management

Our Market Optics chartbook contains data-driven insights that power our portfolio management teams’ views, ideas, and decisions. Each week, we’ll take a look a closer look at one of the charts.

This week’s topic: Global economy: Growth and inflation comparison

growth inflation comparison
  • Growth in the second quarter was outstanding but then slowed in the third quarter. The slowing was likely due to caution by households from the delta variant and lingering supply chain issues. We expect we could see a decent re-acceleration of activity in the fourth quarter.
  • Growth momentum could spread globally, helping broaden the economic recovery.
  • Inflation has been higher than many feared, but we should get more clarity over the fourth quarter about exactly how “transitory” inflation is as supply chains recover.

Originally Posted on October 8, 2021 – Global economy: Growth and inflation comparison

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Wells Fargo Asset Management (WFAM) is the trade name for certain investment advisory/management firms owned by Wells Fargo & Company. These firms include but are not limited to Wells Capital Management Incorporated and Wells Fargo Funds Management, LLC. Certain products managed by WFAM entities are distributed by Wells Fargo Funds Distributor, LLC (a broker-dealer and Member FINRA). Associated with WFAM is Galliard Capital Management, Inc. (an investment advisor that is not part of the WFAM trade name/GIPS firm).

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