{"id":1555,"date":"2021-10-18T09:54:00","date_gmt":"2021-10-18T09:54:00","guid":{"rendered":"https:\/\/saddlebrown-scorpion-975628.hostingersite.com\/?p=1555"},"modified":"2026-04-23T10:44:51","modified_gmt":"2026-04-23T10:44:51","slug":"global-economy-2021-post-pandemic-recovery-inflationary-pressures-and-the-shadow-of-the-chinese-crisis","status":"publish","type":"post","link":"https:\/\/ib-association.com\/uk\/global-economy-2021-post-pandemic-recovery-inflationary-pressures-and-the-shadow-of-the-chinese-crisis\/","title":{"rendered":"\u201cGlobal economy 2021: Post-pandemic recovery, inflationary pressures and the shadow of the Chinese crisis\u201d"},"content":{"rendered":"<p>In 2021, the global economy underwent significant changes caused by the effects of the<br>COVID-19 pandemic and other factors. Here are the main business and financial<br>developments of the year:<br>Economic growth:<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>According to the World Bank, global growth accelerated to 5.6% in 2021, driven mainly by<br>strong recoveries in major economies such as the United States and China.<br>Inflation:<\/li>\n\n\n\n<li>In the second half of 2021, many countries faced a significant increase in inflation, partly<br>caused by pandemic disruptions and an increase in the money supply.<br>Risks of stagflation:<\/li>\n\n\n\n<li>The World Bank has warned of a growing risk of stagflation due to a sharp slowdown in<br>growth and rising inflation.<br>Stock markets:<\/li>\n\n\n\n<li>Stock markets showed volatility due to concerns about inflation and economic recovery.<br>For example, UK retail sales unexpectedly fell by 0.9% in August 2021, indicating a shift in<br>consumer spending.<br>Evergreen crisis:<\/li>\n\n\n\n<li>In August 2021, Chinese real estate developer Evergrande faced a liquidity crisis with over<br>$300 billion in debt, raising concerns about the stability of the Chinese real estate market<br>and the potential impact on the global economy.<br>These developments highlight the complexity and interconnectedness of the factors<br>affecting the global economy in 2021 and the importance of businesses and financial<br>institutions adapting to rapidly changing conditions.<\/li>\n<\/ul>","protected":false},"excerpt":{"rendered":"<p>In 2021, the global economy underwent significant changes caused by the effects of theCOVID-19 pandemic and other factors. Here are the main business and financialdevelopments of the year:Economic growth:<\/p>","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[7],"tags":[],"class_list":["post-1555","post","type-post","status-publish","format-standard","hentry","category---en"],"_links":{"self":[{"href":"https:\/\/ib-association.com\/uk\/wp-json\/wp\/v2\/posts\/1555","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/ib-association.com\/uk\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/ib-association.com\/uk\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/ib-association.com\/uk\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/ib-association.com\/uk\/wp-json\/wp\/v2\/comments?post=1555"}],"version-history":[{"count":1,"href":"https:\/\/ib-association.com\/uk\/wp-json\/wp\/v2\/posts\/1555\/revisions"}],"predecessor-version":[{"id":1556,"href":"https:\/\/ib-association.com\/uk\/wp-json\/wp\/v2\/posts\/1555\/revisions\/1556"}],"wp:attachment":[{"href":"https:\/\/ib-association.com\/uk\/wp-json\/wp\/v2\/media?parent=1555"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/ib-association.com\/uk\/wp-json\/wp\/v2\/categories?post=1555"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/ib-association.com\/uk\/wp-json\/wp\/v2\/tags?post=1555"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}