Wang Ye said Finance News: What will happen to the global economy next?
Just on Tuesday (11th), International Monetary Fund (IMF) released its latest October "Global Economic Outlook Report".
In the report, the IMF predicts that in 2022, the world GDP will grow by 3.2%, which is consistent with the July forecast; in addition, the IMF also predicts that in 2023, the world GDP will further slow down to 2.7%, which is 0.2 percentage points lower than the previous forecast.
has finished reading the overall world GDP forecast. Next, let’s take a look at the IMF’s predictions for in developed countries and developing countries.
In this regard, the IMF predicts that in 2022, the GDP of developed countries will grow by 2.4%, and will grow by 1.1% next year; as for developing countries, the IMF predicts that in 2022, the GDP will grow by 3.7%, and in 2023, it will grow by 3.7%.
So the question is: Why did the IMF lower the world economic forecast for 2023?
In this regard, the IMF said that this is mainly due to the world economy facing some "headwind" factors, including:
1) Countries have launched interest rate hike cycle , and the financial environment in most regions is tightening;
2) Global inflation has reached its highest level in decades;
3) Geographic risks have intensified;
4) The new crown epidemic continues.
Finally, Wang Ye said that Finance will take a look at the IMF's economic forecast for major countries .
First of all, IMF predicts that in 2022 and 2023, the U.S. GDP growth rate will be 1% and 1.6%, respectively, the same as July expectations and a decrease of 0.7 percentage points respectively.
Secondly, IMF predicts that in 2023, Japan's GDP growth rate will be 1.7% and 1.6% in 2023;
Finally, IMF also predicts that in 2022, China's GDP growth rate will be 3.2%, while in 2023 it will be 4.4%, which is lowered by 0.1 and 0.2 percentage points respectively compared with the previous forecast.
In addition, the IMF also predicts that in 2022, the UK GDP growth rate will be 3.6%, compared with 0.3% in 2023.
At the same time, the IMF also raised South Korea's economic growth rate by 0.3 percentage points to 2.6% this year, but lowered South Korea's GDP growth rate next year to 2%, down 0.1 percentage point from the previous year.
What do you think about this? What do you think will happen to the world economy next? What will happen to the GDP of China, the United States, Japan and the United Kingdom?
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