(the picture shows the prediction of IMF)
Wang Ye said Finance News: Data is updated!
Just this week, International Monetary Fund (IMF) released its latest July " World Economic Outlook Report ". In the report, the IMF lowered the global GDP growth forecast to 3.2% and 2.9% in 2022 and 2023 respectively.
In addition, from the perspective of national development, the IMF predicts that in 2022, the GDP growth rate of developed countries will be 2.5%, and 1.4% in 2023;
On the contrary, the GDP growth rate of emerging markets will be 3.6% in 2022 and 3.9% in 2023.
So the question is: Why did the IMF lower its global GDP growth expectations?
In this regard, the IMF explained in the report that the main reasons behind this include the following aspects, specifically:
1) was affected by the downward economic downturn in China and Russia, and the global economy shrank in the second quarter of this year; at the same time, US consumer spending was not as expected.
2) The world economy has been weakened by the epidemic and has suffered several shocks afterwards: global inflation exceeded expectations (especially the major economies in the United States and Europe) triggered a tightening of the financing environment;
3) Affected by the new crown epidemic and epidemic prevention measures, China's economy slowed down more than expected;
4) In addition, the Russian-Ukrainian conflict has also brought more negative spillover effects.
So what is the specific country?
First of all, IMF predicts that in 2022, the US GDP growth rate will be 2.3%, and only 1% in 2023, as shown in the figure below:
(the figure is the IMF prediction)
As for Eurozone , IMF predicts that the European GDP growth rate will be 2.6%, and 1.2% in 2023, as shown in the figure below:
(the figure is the IMF prediction)
mainly In the eyes of European countries:
1) The GDP growth rate of Germany in 2022 was 1.2%, 0.8% in 2023;
2) France's GDP growth rate in 2022 was 2.3% and 1% in 2023;
3) Italy's GDP growth rate in 2022 was 3% and 0.7% in 2023;
4) Spain's GDP growth rate in 2022 was 4% and 2% in 2023;
5) The UK's GDP growth rate in 2022 was 3.2% and 0.5% in 2023.
In addition, as for the world's third largest economy, Japan, the IMF predicts that the GDP growth rate will be 1.7% in 2022 and 2023, as shown in the figure below:
(the picture is the IMF prediction)
After reading developed countries, finally, let's take a look at the situation of BRICS 5 countries.
First of all, IMF predicts that in 2022, the growth rate of China's GDP may be only 3.3%, and 4.6% in 2023, as shown in the figure below:
(the picture is the IMF prediction)
As for India, IMF predicts that India's GDP growth rate in 2022 will be 7.4% and 6.1% in 2023;
Russia, IMF It is predicted that in 2022, Russia's GDP will decline by 6%, and will decline by 3.5% again in 2023, as shown in the figure below:
(the figure is the IMF forecast)
Finally, as for Brazil and South Africa, the IMF predicts that in 2022, Brazil's GDP growth rate will be 1.7% and 1.1% in 2023; in 2022, South Africa's GDP growth rate will be 2.3% and 1.4% in 2023.
What do you think about this? What do you think will be the world GDP in 2022? What will happen to China, the United States and Japan?
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