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Showing posts from May, 2023

Global Growth Challenge

Ibrahim boran |  Unsplash The International Monetary Fund (IMF) has revised its global growth forecasts lower, citing various factors such as the ongoing war in Ukraine, growing geoeconomic fragmentation, and tight policy stances required to bring down inflation. Additionally, the IMF report mentioned increased uncertainty due to recent financial sector turmoil. The GDP growth projections for major economies such as the US, China, India, Japan, and the Euro Area have also been adjusted accordingly. While global inflation is expected to decrease this year, core CPI is likely to decline more slowly. The Outcome: The revised global growth forecasts by the IMF indicate that the world economy may continue to face challenges in the coming years. The ongoing war in Ukraine and growing geoeconomic fragmentation are likely to contribute to this. The recent financial sector turmoil has added to the uncertainty, making it difficult to predict the future economic performance of major economies. De