Global supply constraints continue to cap economic output amid growing inflationary and consumer-spending concerns, according to the October 2021 commentary from Fannie Mae’s Economic and Strategic Research (ESR) Group.
For the third consecutive month, the ESR Group revised downward its full-year 2021 real gross domestic product (GDP) growth projections from 5.4% to 4.9% due to its more pessimistic view of the speed at which current supply chain disruptions will resolve, as well as its