IMF President Kristalina Georgieva warned that the IMF will cut its forecast for global economic growth next year in its latest World Economic Outlook report.

(Bloomberg)

[Compile Lu Yongshan/Comprehensive Report] International Monetary Fund (IMF) President Kristalina Georgieva warned on Thursday (6th) that inflation, high borrowing costs and lingering supply chain disruptions At the same time, the risk of a global recession is rising, and the IMF will cut its forecast for global economic growth next year in its latest World Economic Outlook report.

 Georgieva's remarks underscored last year's optimism about the global economy, which has been replaced by concerns about rising inflation, the Ukrainian-Russian war and the continued spread of the virus.

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 In a remark prepared for the George Washington University speech, George Ava said: "With multiple shocks, including a meaningless war, radically changing the outlook for the global economy, inflation is not only a temporary phenomenon, but has become more persistent. "

 The IMF has continued to cut its global growth forecast in recent months, and currently forecasts that global growth will reach 2.9% next year. These forecasts will be lowered when the economic outlook report is released.

 The IMF predicts that countries that account for two-thirds of global economic output will experience at least two consecutive quarters of contraction this year or next.

Georgieva said even a positive growth rate would feel like a recession as real incomes decline and prices continue to rise.

 The IMF cut its global growth forecast for this year to 3.2% in July from 3.6% in April, and to 2.9% next year from 3.6%.

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