World Economic Outlook 2022: Global Growth Downgraded
- Date: 05-May-2022
- Source: Dubai Chronicle
- Sector:Economy
- Country:Middle East
World Economic Outlook 2022: Global Growth Downgraded
Global growth prospects have worsened significantly due to the combined effects of inflation, the war in Ukraine, and the lingering pandemic, the IMF announced in April.
Those impacts are outlined in the World Economic Outlook report, released at the beginning of the Spring Meetings of the IMF and World Bank in Washington, DC by new chief economist, Pierre-Olivier Gourinchas.
“Well, there is a significant downgrade to our growth projections for the global economy from 4.4 percent as of January to 3.6 percent in our latest update. 0.8 percentage point difference. There are three main reasons for this downgrade.
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