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IMF gloomy forecasts/ The world's three largest economies stall

2022-07-26 19:29:00, Ekonomi CNA
IMF gloomy forecasts/ The world's three largest economies stall
International Monetary Fund

The International Monetary Fund has made gloomy predictions for the global economy, which has not yet recovered well from the pandemic, but was affected by the Russia-Ukraine war.

The IMF predicts that the global economy is on the brink of recession, as the world's three largest economies, the US, China and Europe, have stalled.

Inflation is also higher than the previous forecast.

"The global economy is still recovering from the pandemic and the invasion of Ukraine. We are now faced with gloomy and uncertain forecasts. Global growth is down to 3.2% this year and 2.9% next year, while inflation has been revised down to 6.6% in advanced economies and 9.5% in developing economies. The world's three largest economies, the United States, China and Europe, have stalled," said Pierre-Olivier Gourinchas, chief economist of the IMF.

The IMF lowered its forecasts for the years 2022 and 2023 and declared that economic growth will have a significant slowdown./ BA - CNA.al





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