IMF Issues Global Stagflation Alert
CNBC: IMF cuts its global growth forecast, citing supply disruptions and the pandemic
* “This modest headline revision masks large downgrades for some countries,” Gita Gopinath, chief economist at the IMF, said.
* The revised outlook for this year comes amid supply chain issues in advanced economies and a worsening health situation in emerging countries.
* The Fund said it expects global gross domestic product to grow by 5.9% this year — 0.1 percentage point lower than its July estimate.
The International Monetary Fund is now less optimistic about the global economy for 2021, but still sees reasonable growth over the medium term.
In its World Economic Outlook, published Tuesday, the Fund said it expects global gross domestic product to grow by 5.9% this year — 0.1 percentage point lower than its July estimate.
For next year, the IMF has kept its global growth projection at 4.9%.
The revised outlook for this year comes amid supply chain issues in advanced economies and a worsening health situation in emerging countries.
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More News On The IMF Issuing A Global Stagflation Alert
IMF cuts global growth forecast as supply disruptions and inflation threaten recovery – business live -- The Guardian
IMF slashes US growth forecast and warns of rising risks to the global economy -- CNN
IMF warns on inflation, says the Fed and others should be prepared to tighten policy -- CNBC
IMF says Covid support has left world open to new financial crisis -- The Guardian
IMF Economic Outlook Adds to Stagflation Fears, Growth Revised Lower -- Daily FX
IMF cuts China growth forecast for 2021 and 2022 -- RFI
COVID-19: IMF blames 'great vaccine divide for dangerous divergence in economic prospects' -- SKY News
IMF Issues Global Stagflation Alert: Cuts Global GDP As It Warns Of Rising Inflation And "Dangerous Divergence" -- Zero Hedge
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