IMF pares back forecasts as world faces ‘multiple challenges’
Omicron variant, supply disruptions and inflation threaten to hold back recovery, says Gita Gopinath
The International Monetary Fund trimmed its global growth forecast for 2022 by half a percentage point on January 25, citing the impact of “multiple challenges”.
The IMF said it expected the expansion of the world economy to “moderate” from 5.9% in 2021 to 4.4% in 2022. The figure for 2022 is 0.5 percentage points lower than the fund’s last forecast, issued in October.
Gita Gopinath, who presented the forecasts for the last time as chief economist, said the impact of the Covid-19 omicron
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