October 10th to 16th, International Monetary Fund (IMF) and World Bank (WB) will hold the 2022 autumn annual meeting in the United States, where discussions will be held on issues such as global economic development, and the IMF will also release the latest "Global Economic Outlook Report".
. Earlier news showed that the report of will continue to lower global economic growth expectations. According to IMF President Kristalina Georgieva, the global economic development prospects may be hit due to inflationary pressure, rising interest rates and supply chain issues, and will undergo a "fundamental" transformation.
In Kristalina Georgieva's view, this transformation in means that uncertainty in the global economy is rising and economic volatility will be strengthened. She revealed that the IMF's estimate of global economic growth next year will continue to lower the fourth time from 2.9% in July, and by 2026, the loss of global output of may reach 40,000 US$700 million.
In addition, with the sharp rise in interest rates of major central banks, a long-term recession in the global economy may occur. Earlier, the United Nations Conference on Trade and Development stated that the monetary and fiscal policies of developed economies will put the global economy in a more dangerous situation than the financial crisis of 2008.
. Some media pointed out that even though the economic inflation pressure in countries around the world is different, the US monetary policy is accustomed to taking itself as the center and ignoring the actual situation of other economies. Therefore, in the process of Fed hike rate , they will also be forced to suffer harm for such policies.
In addition, the US-led sanctions are also having more impact on them. On October 6, EU officially approved the 8th round of sanctions against Russia, including the Russian oil price limit plan. Some media pointed out that these sanctions in are not only not conducive to the easing of the current crisis in Europe, but will also further aggravate their own economic problems.
Former CIA analyst Larry Johnson said that there are almost no successful examples of sanctions in Europe and the United States, but they are still obsessed with these sanctions. At present, the economic sanctions on Russia are causing more severe impacts on economies around the world, including Europe and the United States.
However, former IMF officials pointed out with currency as an example that the financial sanctions imposed by Europe and the United States on Russia are also causing "significant changes" in the global monetary system. As the US dollar trust crisis intensifies, many countries such as China and Russia are starting to promote the diversification of trade settlement currencies.
text|Zheng Hongjie Title|Huang Zixin Review|Zeng Yi
