We have noted multiple times to expect some roaring Economic Numbers, which is not a super prescient call due to easy year over year comparisons and the world actually reopening…. (Our curiosity is how this data is digested by Governments, Forecasters and Market Participants)
We ran across a neat Goldman micro time GDP chart recently, that has left our sight grrrrr, but is a quarter by quarter estimate that is fascinating…. we will likely find it eventually and present it here…
For now, we wanted to show this three year global GDP (Gross Domestic Production-Blunt Economic Growth Measurement) from the IMF (International Monetary Fund) –
The IMF, just like any organization misses in Forecasts …. it is not in stone, but this is a very interesting three year, more high level look at the globe as it reopens….
IMF – Visual Capitalist Global Three Year GDP Comparison
This chart was a slider and can be found directly at our friends from Visual Capitalist Here–
Year 2020 Findings we find most interesting:
USA GDP Contracts only 3.3% Wow
Global Average the same 3.3% Contraction – Wow Wow
Year 2021 ESTIMATES
Note USA estimated Growth of 6.4% – surprising low
IMF World rebound Estimate of 6% – again, surprisingly low
Year 2022 ESTIMATES – The farther you go the harder they are!
IMF US Estimate at 3.5%
Global Estimate 4.4% –
Not really what to think of this…. both seem off to us ! Clearly a USA Laggard Estimate!
This will be marked as forecast and we can look back and see how good or bad the estimates were!
Have a Great “Multi Year Global GDP Estimate” Day!
John A. Kvale CFA, CFP
Founder of J.K. Financial, Inc.
A Dallas Texas based fee only
Financial Planning Total Wealth
Management firm.