![]() Supply-chain knots have helped push inflation to multidecade highs in the U.S. It recently lowered its forecast for world economic growth this year to 5.9% from 6.7%, in part due to supply-chain issues. ![]() Global industrial output rose above its precrisis level in early 2021 but has since stagnated, according to the Kiel Institute for the World Economy, a German think tank. The bottlenecks are forecast to constrain manufacturing output well into next year, hurting a sector that had until recently powered the global recovery. Meanwhile, global labor shortages, often the result of people leaving the workforce during the pandemic, are throwing further obstacles in the way of producers.
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