IMF WORLD ECONOMIC OUTLOOK 2022 OCT
Global economic activity is experiencing a broad-based and sharper-than-expected slowdown, with inflation higher than seen in several decades. The cost-of-living crisis, tightening financial conditions in most regions, Russia’s invasion of Ukraine, and the lingering Covid-19 pandemic all weigh heavily on the outlook. Global growth is forecast to slow from 6.0 percent in 2021 to 3.2 percent in 2022 and 2.7 percent in 2023.
A week may be a long time in politics, but it’s lifetime in the global economy. Here’s the outlook from the IMF on countering the Cost-of-Living Crisis. Read it and……?
