Forex and other markets news
11.04.2023, 22:09
IMF cuts global economic forecasts
IMF cuts global economic forecasts
The International Monetary Fund (IMF) today released its World Economic Outlook report, which forecasts global economic growth over the next five years at 3%, the number for which the global economy will expand in the next five years. medium-term lowest in more than 30 years or since 1990
In the short term, the IMF projected global growth for 2023 and 2024 at 2.8% and 3% respectively, below the January forecast of 2.9% and 3.1%.
The IMF noted that the global economy is affected by central banks tightening monetary policy to curb inflation, the impact of a slump in the financial sector, a slowdown in the labor market. and geopolitical factors This includes the Russian invasion of Ukraine. and Britain's withdrawal from the European Union (Brexit)
The IMF also expects the US economy to grow 1.6% this year, while the eurozone grew 0.8% and the UK contracted 0.3%.
China's economy is expected to grow 5.2% this year, while India expands 5.9% and Russia grows 0.7% after contracting more than 2% in 2022.
Meanwhile, the IMF expects the headline CPI, which includes food and energy, to It will slow to 7% this year after hitting 8.7% last year following a fall in energy prices.
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