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The IMF now expects the world economy to expand by 3.6% in both 2022 and 2023, a sharp deceleration from growth of 6.1% in 2021
The IMF now expects the world economy to expand by 3.6% in both 2022 and 2023, a sharp deceleration from growth of 6.1% in 2021. The new forecasts reflect downgrades of 0.8 and 0.2 percentage points, respectively, from its January forecast.
— Iuliia Mendel (@IuliiaMendel) April 19, 2022
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IMF WEO: OUTLOOK HAS DETERIORATED SINCE JANUARY, LARGELY BECAUSE OF UKRAINE INVASION #IMF #WEO
— Mace News (@MaceNewsMacro) April 19, 2022
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IMF: MEDIUM-TERM OUTLOOK REVISED DOWNWARDS FOR ALL GROUPS EXCEPT COMMODITY EXPORTERS WHO BENEFIT FROM THE SURGE IN ENERGY AND FOOD PRICES.
— Breaking Market News (@financialjuice) April 19, 2022
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IMF cuts global growth forecasts on Russia-Ukraine war, says risks to economy have risen sharply
The International Monetary Fund on Tuesday cut its global growth projections for 2022 and 2023, saying the economic hit from Russia’s unprovoked invasion of Ukraine will “propagate far and wide.” The Washington-based institution is now projecting a 3.6% GDP rate for the global economy this year and for 2023. This represents a 0.8 and 0.2 percentage point drop, respectively, from its forecasts published back in January. “Global economic prospects have been severely set back, largely because of Russia’s invasion of Ukraine,” Pierre-Olivier Gourinchas, economic counsellor at the IMF, said in a blogpost ... (full story)