The forecast for 2023 is that GDP will grow by 2.7%, two tenths less than estimated in July. By 2022, the IMF estimates that the global economy will grow by 3.2%.
The International Monetary Fund (IMF) has remained unchanged, 3.2%your prediction of increase last July for the World economywhich represents a sharp slowdown compared to the 6% growth recorded in 2021, while lowering its forecast for 2023when you expect the Global GDP grows by 2.7%while confident that inflation has peaked and will moderate over the next two years.
In its “World Economic Outlook” report, presented in Washington on Tuesday, the IMF warns that risks remain unusually high and on the downside, including that monetary policy is misjudging the right course to curb inflation, as well as a further appreciation of the dollar as a result of continued divergence in the policies of the major economies, cross-border tensions, as well as ‘shocks’ in energy and food prices that will drive inflation for longer.
So in a more pessimistic alternative scenario, with higher oil prices, tighter financial conditions and disruptions in China’s real estate sector, the IMF estimates that global activity levels would be up to 1.5 percentage points lower in 2023 and 1.6 percentage points lower in 2024. , relative to the current baseline.
“The risk balance has tilted sharply downwards, with about a 25% chance that global growth will fall below 2% within a year,” the institution warns, for which global tightening of financing conditions could lead to over-indebtedness of emerging markets .
Forecast for the Spanish state
The IMF’s growth forecast assumes, in the case of the Spanish state, a eight tenths reduced in 2023till the 1.2%, according to the report. For example, it adjusted its latest forecasts, published in June, that Spain will grow by 4.3% this year, three-tenths more, while economic progress will decline by eight-tenths next year, to 1.2%.
Despite this adjustment for 2023, Spain remains at the forefront of the major economies of the eurozone in terms of growth both this year and next.
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Source: EITB
I’m Wayne Wickman, a professional journalist and author for Today Times Live. My specialty is covering global news and current events, offering readers a unique perspective on the world’s most pressing issues. I’m passionate about storytelling and helping people stay informed on the goings-on of our planet.
