The IMF has worsened forecasts for the coming years



The International Monetary Fund (IMF) has revised downwards its forecasts for the evolution of the world economy for the next two years. Among the reasons – the rapid growth of inflation and the resulting tightening of central bank policy, reports Euronews television channel .

At the same time, the IMF pointed out that raising base rates would certainly entail economic costs, but delaying this measure would be even worse.

Pierre-Olivier Gourinsha, Chief Economist of the IMF: “The global economy is still reeling from the pandemic and the Russian invasion of Ukraine. We now face a bleak and uncertain outlook. Global output growth was revised down to 3.2% this year and next, while inflation was revised up to 6.6% in advanced economies and 9, 5% in emerging and developing economies. The three largest economies in the world are the United States, China and Europe are stagnating.

The IMF does not rule out a new global recession next year, just two years after the previous one linked to the pandemic.

At the same time, the Russian GDP forecast has improved this year to -6% – and deteriorated next year to -3.5%. This corresponds to the most negative forecasts of Russian analysts.

Source: delfi

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