The International Monetary Fund (IMF) wants to lower the global growth forecast again. “I wish the prospects for the global economy were as rosy as the sky in Bali, but unfortunately that’s not the case,” said IMF chief Kristalina Georgieva at the meeting of finance ministers and central bank governors of the most important industrialized and emerging countries (G20). Balinese. The new forecast is due to be presented at the end of July and will forecast slower growth in 2022 and 2023. The war in Ukraine has intensified and is putting additional pressure on commodity and food prices, Georgieva said. At the same time, global financial conditions tightened more than previously thought. The ongoing disruptions and renewed bottlenecks in the supply chains also weighed on the economy. The head of the IMF emphasized that it is important that the countries do everything in their power to lower inflation, otherwise they could endanger the upswing. “The good news is that central banks are stepping up their efforts.”
Business cycle – IMF wants to lower forecasts – economy
