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WASHINGTON, Oct. 15, 2021 /PRNewswire/ — Global supply constraints continue to cap economic output amid growing inflationary and consumer-spending concerns, according to the October 2021 commentary from the Fannie Mae (OTCQB: FNMA) Economic and Strategic Research (ESR) Group. For the third consecutive month, the ESR Group revised downward its full-year 2021 real gross domestic product (GDP) growth projections from 5.4 percent to 4.9 percent due to its more pessimistic view of the speed at which current supply chain disruptions will resolve, as well as its upwardly revised inflation projections and expectation that services-related consumer spending will take longer to return to a more historically normal level.
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