Supply shortages create pothole on the road to economic recovery | Visa


Supply shortages create pothole on the road to economic recovery

Inflation headwinds emerging, but are expected to be temporary.

A bar chart showing seasonally adjusted real gross domestic product. See real gross domestic product image description.
A bar chart showing seasonally adjusted real gross domestic product, with compound annual growth ranging from 2.9% in March 2019 to -31.4% in June 2020, 33.4% in September 2020 and 6.4% in March 2021, with growth forecast to reach 2.8% by year-end 2021 and 2.7% by year-end 2022. Year-over-year growth ranged from 2.3% in March 2019 to a low of -9% in June 2020 and returning to positive levels with 0.4% in March 2021. YoY growth is forecast to reach 5% by year-end 2021 and 2.7% by year-end 2022.
A line chart showing the Manufacturing Prices Paid Index. See Manufacturing Prices Paid Index image description.
Line chart showing the Manufacturing Prices Paid Index (not seasonally adjusted) ranging from 53.3 in January 2020 down to 35.3 in April 2020 and sharply increasing since then to reach 89.6 in April 2021. In comparison, another line shows the Consumer's Inventory Index ranging from 43.8 in January 2020 up to 48.8 in April 2020, then gradually declining since then to 28.4 in April 2021.