IMF Outlook adds to stagflation fears. IMF trims 2021 global growth forecast to 5.9%. Cuts its 2021 forecast for US by full percentage point to 6%, forecast for German GDP by 0.5ppt to 3.1% mainly b/c of supply constraints. IMF increases 2021 inflation outlook by 0.4ppts to 2.8%. h/t Holger Zschaepitz

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