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The International Monetary Fund (IMF) released its World Economic Outlook on January 25, 2022.
Key Findings of the report
Impact of Omicron variant
As per IMF, amid emergence of Omicron Covid-19 variant, countries have reimposed mobility restrictions. Increasing energy prices and supply disruptions have resulted in higher and more broad-based inflation than it was expected, in United States and other developing economies & emerging market. Ongoing retrenchment of real estate sector in China and slower recovery of private consumption have also limited growth prospects.
World Bank on global growth
Recently, the World Bank also had predicted a slowdown in a global growth, keeping it at 4.1% in 2022.
What are the causes of dip in projections?
By: Brijesh Kumar ProfileResourcesReport error
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