The IMF has worsened this year’s, but improved next year’s global economic growth forecast
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IMF worsened growth forecast for this year
Last year, the global economy grew by 5.9 percent.
According to the compilers of the report, the world economy moved into 2022 in a weaker-than-expected state. With the spread of a new omicron version of the coronavirus, countries have reintroduced mobility restrictions. Rising energy prices and supply disruptions have led to higher-than-expected and broader inflation, especially in the United States and in many emerging market and emerging economies. In China, the continued slowdown in real estate growth and a slower-than-expected recovery in household consumption are also limiting growth prospects. (MTI)
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