The International Monetary Fund (IMF) released the updated content of the world economic outlook report on July 26 local time in Washington, D.C., which lowered the world economic growth forecast for 2022 and 2023 to 3.2% and 2.9% respectively. This is the IMF's downward adjustment after the downward adjustment of the world economic growth forecast in April. The IMF predicts that the world economic growth will slow down from 6.1% last year to 3.2% this year, 0.4 percentage points lower than the forecast in April; The world economy is expected to grow by 2.9% in 2023, 0.7 percentage points lower than the forecast in April. Specifically, the economy of developed economies is expected to grow by 2.5% in 2022 and 1.4% in 2023. Among them, the economic growth of the United States in 2022 and 2023 is expected to be 2.3% and 1.0% respectively; The economic growth of the eurozone this year and next is expected to be 2.6% and 1.2% respectively. The economy of emerging markets and developing economies is expected to grow by 3.6% in 2022 and 3.9% in 2023. Among them, China's economic growth in 2022 and 2023 is expected to be 3.3% and 4.6% respectively. The report also showed that despite the slowdown in economic activity, the global inflation forecast was raised, partly due to rising food and energy prices. The IMF predicts that the inflation rate in developed economies will reach 6.6% this year, and that in emerging markets and developing economies will reach 9.5%. IMF pointed out that the current inflation level obviously poses a risk to the current and future macroeconomic stability, and reducing inflation to the target level of the central bank should become a top priority for policymakers. Tightening monetary policy will inevitably bring economic costs, but delay and delay will only make this difficulty more difficult to solve. The central bank that has begun to tighten monetary policy should stick to it until inflation is under control. IMF believes that the current world economy is facing multiple downside risks, including the sudden stop of European natural gas imports from Russia caused by the Ukrainian crisis, inflation that is more difficult to control than expected, the tightening of the global financial environment, which intensifies the debt problems of emerging markets and developing economies, and the rise in food and energy prices, which leads to widespread food security problems and social unrest. If some of the above risks become a reality and inflation further rises, the world economic growth rate may fall to 2.6% and 2.0% in 2022 and 2023, respectively. (Xinhua News Agency)
Edit：Wei Li Bin Responsible editor：Yi Bing
Source：China News.com
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