The IMF forecast is out: GDP growth could be 2.5% this year and 1.4% next year

By: Trademagazin Date: 2022. 07. 26. 13:37

The International Monetary Fund revised its global growth forecast slightly downwards in a recent publication. The latest edition of the World Economic Outlook shows that the IMF does not expect a recession in any of the major Western economies, but in Russia, this year’s particularly deep economic downturn may be followed by a serious drop in GDP next year. The organization revised its global inflation forecast upwards.

As expected, he revised his growth forecast downwards in the latest IMF publication. The Monetary Fund expects the global economy to grow by 3.2% this year, which could be followed by 2.9% growth next year. The IMF lowered its growth forecast for this year by 0.4% and for next year by 0.7%, but at the same time, the organization does not expect a recession at all.

According to them, the United States can grow by 2.3% this year and 1% next year, and the economy of the Eurozone can grow by 2.6% and 1.2% this year. Italy may grow by 3% this year, 0.7% next year, Spain may grow by 4% this year, 2% next year. According to the Valutaalap, even in Germany, growth this year could be 1.2%, although the German industrial statistics are already particularly gloomy, and the German economy is significantly exposed to gas market processes.