The International Monetary Fund on Tuesday downgraded global economic growth for a second time this year. It shaved nearly a whole percentage point off predictions that just months ago forecast robust post-pandemic expansion. And if the Russia-Ukraine conflict, and inflation, are...
1. Uncomfortable Truth #1: Inflation is taking too long to get back to target.Inflation forecasters have been optimistic that inflation will revert quickly to target ever since it spiked two years ago. As you can see, (slide 4) this includes the ECB and the IMF, whose forecasts are nearly...
The IMF's more optimistic view of theUK economycomes after official figures in the last fortnight showed areturn to growthin August following two months of stagnation, and a dip in inflation below theBank of England's target of 2% last month for the first time in three-and-a-half years....
Inflation forecasters have been optimistic that inflation will revert quickly to target ever since it spiked two years ago. As you can see, (slide 4) this includes the ECB and the IMF, whose forecasts are nearly indistinguishable. What we see in these charts is that inflation sits well above...
IMF calling UK 'a dud economy' However, the Fund has now upgraded its growth projections for Italy and Germany, with the result that both will now grow more than the UK in 2023. Indeed, Britain's -0.6% GDP is the worst of any economy included in its latest fo...
The International Monetary Fund has forecast a drop in global inflation from 8.8 percent in 2022 to 6.5 percent in 2023. Last year, a number of countries saw inflation soaring to levels unseen in decades. In the U.S., the CPI surged by 9.1 percent in June from 12 months e...
The WEO report showed that the latest forecast for global growth five years from now -- at 3.1 percent -- is at its lowest in decades. The IMF estimates that global headline inflation is expected to fall from an annual average of 6.8 percent in 2023 to 5.9 percent in 2024 and 4.5 perce...
The WEO report showed that the latest forecast for global growth five years from now -- at 3.1 percent -- is at its lowest in decades. The IMF estimates that global headline inflation is expected to fall from an annual average of 6.8 percent in 2023 to 5.9 percent in 2024 and 4.5 perce...
WASHINGTON, April 19 (Xinhua) -- The International Monetary Fund (IMF) on Tuesday slashed global growth forecast for 2022 to 3.6 percent amid the Russia-Ukraine conflict, warning that inflation has become "a clear and present danger" for many countries. ...
In contrast, the eurozone is expected to outperform the UK this year, growing 1.9 per cent,the IMFsaid. But it cut its forecast for the US to 2.1 per cent for this year and next. The IMF upgraded its forecasts for the growth of the world economy to 3.5 per cent this year and 3.6 ...