The IMF significantly reduces global growth prospects

The IMF significantly reduces global growth prospects

According to the strategic director of the credit institution, the list of options for dealing with global economic challenges is rapidly narrowing.

The International Monetary Fund will significantly reduce its forecast for global economic growth in its next report, Ceyla Pazarbasioglu, the IMF’s director of strategy, policy and reporting, said according to Bloomberg.”One shock after another is hitting the world economy,” he said at a Sunday panel discussion in Bali, Indonesia, stressing that the rise in food and energy prices, the drop in capital flows to emerging markets, the Covid epidemic, and China’s slowdown are “much more challenging.” means for political decision-makers to develop an effective economic strategy.In its April report, the IMF lowered its outlook for global growth this year from 4.4% to 3.6%, citing rising inflation risks and aggressive tightening by central banks.In the review due this month, “we will significantly lower our forecast,” Pazarbasioglu said.Monetary regulatory authorities around the world are grappling with price increases caused by supply problems since the beginning of the pandemic.”The path to a slowdown is narrowing; we think there is still a chance, but it will certainly not be easy,” Hyun Song Shin, head of research at the Bank for International Settlements, said at the same panel discussion, according to the news agency.Hardware, software, tests, interesting and colorful news from the IT world by clicking here!

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