Supply Constraints And Inflation Concerns Deter Economic Growth
For the third consecutive month, the Economic and Strategic Research (ESR) Group revised its full-year 2021 real gross domestic product (GDP) downward, slowing growth projections from 5.4% to 4.9%, reflecting a more pessimistic view of when the supply chain will get up to speed. The ESR Group also upwardly revised its inflation projections and expectations that service-related consumer spending will take longer to return back to normal.
Source: nationalmortgageprofessional.com
