IMF downgrades global growth outlook

The International Monetary Fund has significantly downgraded its outlook for the global economy for the second time in just three months as inflation and rapidly rising interest rates stymie activity.

According to the document, this is 2.9 percentage points and 3.2 percentage points less than the forecast indicators of 2021, respectively.

The IMF expects developed economies to grow this year by 2.5% (2.7 percentage points less than the forecast in 2021), and developing economies by 3.6% (3.2 percentage points less). The Monetary Fund predicts growth of 1.4% (3.8 percentage points less) and 3.9% (2.9 percentage points less) in 2023, respectively.