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Economic outlook: IMF forecasts global growth to fall to 3.2%

28/07/2022
Categories: Economy/Forex

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Global growth is expected to fall to 3.2% in 2022, after 6.1% in 2021, according to the International Monetary Fund (IMF) benchmark forecasts.

Growth is expected to slow from 6.1% in 2021 to 3.2% in 2022, 0.4 percentage points lower than expected in the April 2022 edition (3.6%) of the World Economic Outlook. Inflation is forecast at 6.6% in advanced countries and 9.5% in emerging and developing countries. In 2023, disinflationary monetary policy is expected to take its toll, and global production will increase by only 2.9%.

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