Factors that affect the global economy

Source: Wells Fargo Investment Institute, as of September 30, 2021. Subject to change.

Key Takeaways

  • Tailwinds have been outweighing headwinds in propelling global growth above 5% in 2021. They center on the important consumer sector, accounting for over two-thirds of total demand.
  • The most visible risk in the outlook is an overheating economy driving increases in inflation and interest rates, exposing a more credit-sensitive economy and financial market to a slowdown.