GDP growth slowed in Q3 due to the impacts of the delta variant. We expect growth in Q4 to re-accelerate, but at a rate slower than the first half of 2021. Regardless of the size of the next fiscal stimulus, fiscal tailwinds should decline significantly in 2022. We expect future variants to be less disruptive to growth and central banks to remain accommodative.
Click here to read our Fall 2021 Global Economic and Market Commentary.
The opinions expressed in this Global Economic and Market Commentary are those of Haverford, as of September 30, 2021. Views and security holdings are subject to change at any time based on market and other conditions. This Global Economic and Market Commentary is for informational purposes only and should not be construed as investment advice or recommendations with respect to any information or specific securities presented. Each individual investor’s circumstance is unique and you should consult with your investment professional prior to any portfolio decisions. Some of the information presented in this Global Economic and Market Commentary may contain forward-looking statements. These statements are only forecasts, based on our opinions. No forecasts are guaranteed, and past performance is not a guarantee of future results. For questions regarding your portfolio, please contact your Relationship Management Team.
