Growth set to accelerate after Delta downshift | Visa

Growth set to accelerate after Delta downshift

Incoming data has largely exceeded our expectations.

Bar chart showing GDP CAGR ranges from 2019 to 2023. See image description.
GDP CAGR ranges from 2.4% in March 2019, to a low of -31.2% in June 2020, a high of 33.8% in September 2020, and the latest reading of 2.0% in September 2021, with the GDP CAGR forecast to finish 2021 at 2.4%, 2022 at 2.8% and 2023 at 2.7%. YoY GDP growth ranges from 2.2% in March 2019 to a low of -9.1% in June 2020, a high of 12.2% in June 2021, and the latest reading of 4.9% in September 2021, with YoY GDP growth forecast to finish 2021 at 4.3%, 2022 at 3.0%, and 2023 at 2.7%.