IMF expects global economic growth to slow down

The IMF revised down its forecast for global economic growth for the current year. The new figure is 5.9%, which is 0.1% percentage points less than the previous one (6%). The fund cited supply problems in advanced economies, as well as difficulties in the health sector, which arose against the backdrop of the pandemic coronavirus. In addition, the fund worsened its inflation forecast, warning that swift action would be required in the event of rising inflationary risks. The agency expects the global economy to slow further next year (to 4.9%) and inflation to return to its pre-crisis level, which is projected by the summer. However, if supply chain disruptions last longer than expected and lead to more severe consequences, inflation will be negatively affected. In response, global central banks could tighten monetary policy, which would slow the global economic recovery, the fund said.