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Analysis: IMF slashes global growth forecasts amid war in Ukraine

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Marseille - Stade Vélodrome : L'inauguration

Added on the 20/04/2022 12:06:29 - Copyright : France 24 EN

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  • IMF slashes global growth forecasts amid Ukraine war

    The impact of the war in Ukraine is spreading worldwide, causing the IMF to sharply downgrade its 2022 global growth forecast to 3.6 percent, IMF chief economist Pierre-Olivier Gourinchas says as he presents the latest World Economic Outlook. SOUNDBITE

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  • IMF slashes eurozone 2022 growth forecast on Ukraine war

    The International Monetary Fund revises its eurozone growth forecast for 2022 "downward by 1.1 percentage points" from its January estimate, to 2.8 percent, IMF chief economist Pierre-Olivier Gourinchas says as he presents the latest World Economic Outlook. SOUNDBITE

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  • IMF cuts global growth forecasts amid rising risks

    Gita Gopinath, IMF chief economist, says the World Economic Outlook cut the global GDP forecast for this year to 3.5 percent from the 3.7 percent projected in October. And for 2020 the estimate was trimmed to 3.6 percent. SOUNDBITE of Gita Gopinath at the World Economic Forum in Davos

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    Surging inflation and severe slowdowns in the United States and China prompted the IMF to downgrade its outlook for the global economy this year and next, while warning that the situation could get much worse. SOUNDBITE

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  • IMF slashes global growth estimate on slowing US, China

    The IMF downgrades its forecast for global economic growth this year, citing the impact of the Omicron variant of Covid-19, which contributed to a slowdown in the United States and China. World GDP is forecast to expand 4.4 percent this year, half a point lower than its previous estimate released in October, says IMF First Deputy Managing Director Gita Gopinath. SOUNDBITE

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    Optimism that new vaccines will bring the pandemic under control and allow economic activity to resume coupled with stimulus in major economies has boosted the growth forecast this year to 5.5 percent, the IMF says in its latest World Economic Outlook. SOUNDBITE

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