High inflation to persist globally into next year, poll shows
SPY•More than 500 economists raised 2027 inflation forecasts for 31 of 50 economies surveyed, while global growth forecasts rose to 3.0% this year and 3.2% next year.
1. Inflation forecasts rise
Economists raised 2027 inflation forecasts for 31 of the 50 economies surveyed, including 15 of 21 developed economies. Median forecasts for 2027 inflation have risen over the past three quarterly polls by 0.7 percentage points for Britain, 0.5 points for the euro zone, 0.2 points for the United States, 0.4 points for India and 0.5 points for Brazil.
2. Growth outlook improves
Economists raised global growth forecasts to 3.0% this year and 3.2% next year, from 2.9% and 3.1% in the July poll. The 2027 forecast is below the International Monetary Fund’s 3.4% prediction. The United States is forecast to grow 2.3% this year and 2.1% in 2027.
3. Energy and AI factors
Economists cited rising energy prices and signs of their pass-through into core inflation, while growth has remained resilient. The article said more than $1 trillion has been invested globally in AI technology since last year.
