The global economic recovery is still proceeding rapidly but it is hitting speed limits, says Fitch Ratings in its latest Global Economic Outlook (GEO). An unprecedented boom in consumer demand for durable goods has stretched the capacity of global suppliers. Supply bottlenecks are curbing the rate of output expansion and creating near-term inflationary pressures. “These pressures should ease significantly in 2022 as demand growth moderates and supply responds. But price pressures are shifting the tone of the policy debate. Fiscal and monetary policy support for growth will start to wane next year,” said Brian ... (full story)