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In its latest global economic outlook report released on Tuesday (Oct. 12), the International Monetary Fund (IMF) lowered its global economic growth forecast for this year to 5.9 percent from the 6% forecast for the year. July, however, forecasts for next year remained unchanged at 4.9%.
However, the report states that The epidemic crisis seems to be getting worse and worse. This has darkened the growth prospects of low-income developing countries. Wealthy countries face chronic supply chain disruptions.
for inflation The IMF is expected to fall to pre-coronavirus levels next year.
However, Kita Gopinath, chief economist at the International Monetary Fund. It warned that the central bank should be prepared to respond quickly. If there is risk, inflation will rise amid an unfamiliar rebound.
Gopinath also expects energy prices to begin falling towards the end of the first quarter of next year.
meanwhile Global manufacturing activities are affected by the imbalance between supply and demand. and shortages of critical parts such as semiconductors Amid labor tensions from the Delta virus outbreak Many people are reluctant to return to work. As global supply chains remain turbulent after the pandemic crisis, many countries imposed lockdown measures last year.
America is severely affected by these problems. So, the International Monetary Fund has downgraded its outlook for America's gross domestic product (GDP) this year by a full 1% to 6% under the assumption that a split US Congress is "incredible. “Will continue to approve infrastructure and social budget proposals. Total is about $4 trillion of President Joe Biden's, but if the American Congress cuts that much budget. It might grow the growth prospects of America and their trading partners. have to plunge into the abyss again