The war “knocks down” global economic growth in 2022 and 2023

14.04.2022. / 17:24

WASHINGTON – The war in Ukraine has forced the International Monetary Fund (IMF) to reduce the estimate of global economic growth for 2022 and 2023, while high food and energy prices are putting pressure on sensitive economies, said IMF Director Kristalina Georgieva.

Kristalina Georgieva (Photo: YouTube / screenshot)

She said the forecast fell for 143 economies that make up 86 percent of the global economic product, but added that most countries will have positive economic growth.

Georgijeva said that it was Russia’s military action “Sent shockwaves around the world” and that it is a major blow to countries trying to recover from the aftermath of the Kovid pandemic 19.

“Simply put, we are facing a crisis that is continuing the crisis. In economic terms, growth has fallen and inflation has risen. In human terms, people’s incomes are falling and difficulties are rising. “said the director of the IMF in her address at the meeting in Washington.

MMF expects inflation, which now represents “Clear and present danger” in many economies, stay at a high level longer than previously thought.

Georgijeva did not present a precise forecast of global economic growth, but said that it will be lower than the previously expected 4.4 percent.


Source: Capital.ba – Informacija je capital by www.capital.ba.

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