originally thought that the impact of the epidemic would decrease and the global economy would recover. But unexpectedly, the international market has been turbulent due to the situation, which directly led to the economic disorder of some countries, and the inflation rates in many countries have been rising. Even IMF is not optimistic about the economic situation this year.
419htmlOn May 5, International Monetary Fund (IMF) released the latest issue of the " World Economic Outlook Report ". The report pointed out that the global economy is expected to grow 3.6% this year, downgrading percentage points from the forecast value of 10.8 5 percentage points from the forecast value of 1html in May.
IMF believes that the occurrence of the Russian-Ukrainian conflict and the punishment of Western countries on Russia have put the global economy in trouble, directly pushing up the price of commodities, including crops and energy, disrupting international trade and labor market, and causing turmoil in the international financial market.
In order to cope with high inflation, many countries have begun hiking interest rates, which has led to investors reducing their risk preferences , and international financial conditions have also tightened. And some underdeveloped countries may have a new round of epidemics due to the shortage of new crown vaccine .
For these reasons, IMF significantly lowered its economic growth expectations for 2022, and it is expected that 2023 global economic growth in 5 will also be 3.6% , downgrading 0.2 percentage points from the previous forecast.
indeed, the current economic situation is not optimistic. According to incomplete statistics, at least 9 5 countries have begun hiking interest rates, including the United Kingdom, Argentina , Egypt , Brazil , Canada, New Zealand , South Korea, Sri Lanka , and the United States. And these countries have raised interest rates many times this year.
EU countries that are facing energy supply problems are also very likely to raise interest rates in the future.
IMF believes that the global economy will only improve if the conflict between Russia and Ukraine is abolished and Western countries cancel punishments against Russia.
text | Zhao Jinjie Title | Zeng Yi Review | Li Zepum
