As per the latest global GDP analysis from Citibank, the global economy is likely to grow by 4.2% in 2022 versus 4.4% prior forecasts.
The reason could be linked to the virus-led economic hardships as well as China's Evergrande saga.
Earlier in October, World Bank President David Malpass came out with his economic analysis expecting global economic growth of 5.7% in 2021 and 4.4% in 2022, as reported by Reuters.
It's worth noting that global rating giant Moody's said, "The global real gross domestic product (GDP) is likely to rebound 5.7% in 2021, following the historic 3.6% contraction in 2020.”
As the fears of easing economic growth challenge the chatters over the monetary policy consolidation by the various developed central banks, US dollar may consolidate recent gains, which in turn could help commodities as well as Antipodeans.