{"id":63884,"date":"2022-04-14T17:36:58","date_gmt":"2022-04-14T13:36:58","guid":{"rendered":"https:\/\/noortrends.ae\/en\/?p=63884"},"modified":"2022-04-14T17:37:31","modified_gmt":"2022-04-14T13:37:31","slug":"imf-to-downgrade-global-growth-outlook-for-2022-2023","status":"publish","type":"post","link":"https:\/\/noortrends.ae\/en\/imf-to-downgrade-global-growth-outlook-for-2022-2023\/04\/14\/market-updates\/","title":{"rendered":"IMF To Downgrade Global Growth Outlook For 2022, 2023"},"content":{"rendered":"\n<p>International Monetary Fund (IMF) Managing Director Kristalina Georgieva said on Thursday that the IMF will be downgrading the outlook for global growth for both 2022 and 2023, reported Reuters. She cited inflation, tightening of financial conditions and frequent Covid-19 lockdowns in China as weighing on activity. <br><br><strong>Additional Takeaways:<br><\/strong>\u2022 Since the IMF&#8217;s January global growth forecast for 2022 of 4.4%, the outlook has &#8220;deteriorated substantially&#8221;, largely due to the war in Ukraine. <\/p>\n\n\n\n<p><br>\u2022 Net importers of food and fuel face growth downgrades, including in Africa, the Middle East, Asia and in Europe. <\/p>\n\n\n\n<p><br>\u2022 Exporters of oil, gas and metals are to see higher growth prospects, but still face higher uncertainty. <br><\/p>\n\n\n\n<p>\u2022 The Ukraine war will contribute to downgrades of 143 economies, accounting for 86% of global GDP. <br><\/p>\n\n\n\n<p>\u2022 Higher energy and food prices are adding to inflation and are now a &#8220;clear and present danger&#8221; for many countries.<br><\/p>\n\n\n\n<p>\u2022 The IMF projects that inflation is to remain elevated for longer than previously estimated. <br><\/p>\n\n\n\n<p>\u2022 Food insecurity is a &#8220;grave concern&#8221; and, without action, will increase hunger, poverty and social unrest in fragile countries. <br><\/p>\n\n\n\n<p>\u2022 The war on top of pandemic risks is eroding much of world&#8217;s recent progress in climbing back from the Covid-19 pandemic. <br><\/p>\n\n\n\n<p>\u2022 Fragmentation of the world economy into geopolitical blocs threatens global prosperity and would incur painful adjustments, as well as hurt poor countries. <br><\/p>\n\n\n\n<p>\u2022 Fragmentation of global governance is the most serious challenge to the post-World War Two economic order, and is impairing work on crises such as climate change.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>International Monetary Fund (IMF) Managing Director Kristalina Georgieva said on Thursday that the IMF will be downgrading the outlook for global growth for both 2022 and 2023, reported Reuters. She cited inflation, tightening of financial conditions and frequent Covid-19 lockdowns in China as weighing on activity. Additional Takeaways:\u2022 Since the IMF&#8217;s January global growth forecast &hellip;<\/p>\n","protected":false},"author":13,"featured_media":32215,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[36],"tags":[7903,6946],"class_list":["post-63884","post","type-post","status-publish","format-standard","has-post-thumbnail","","category-market-updates","tag-economic-growth","tag-imf"],"_links":{"self":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/63884","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/users\/13"}],"replies":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/comments?post=63884"}],"version-history":[{"count":2,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/63884\/revisions"}],"predecessor-version":[{"id":63945,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/63884\/revisions\/63945"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/media\/32215"}],"wp:attachment":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/media?parent=63884"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/categories?post=63884"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/tags?post=63884"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}