IMF pares back forecasts as world faces ‘multiple challenges’

Omicron variant, supply disruptions and inflation threaten to hold back recovery, says Gita Gopinath

Gita Gopinath
Gita Gopinath
IMF Photo/Joshua Roberts

The International Monetary Fund trimmed its global growth forecast for 2022 by half a percentage point on January 25, citing the impact of “multiple challenges”.

The IMF said it expected the expansion of the world economy to “moderate” from 5.9% in 2021 to 4.4% in 2022. The figure for 2022 is 0.5 percentage points lower than the fund’s last forecast, issued in October.

Gita Gopinath, who presented the forecasts for the last time as chief economist, said the impact of the Covid-19 omicron

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact info@centralbanking.com or view our subscription options here: http://subscriptions.centralbanking.com/subscribe

You are currently unable to copy this content. Please contact info@centralbanking.com to find out more.

Sorry, our subscription options are not loading right now

Please try again later. Get in touch with our customer services team if this issue persists.

New to Central Banking? View our subscription options

Register for Central Banking

All fields are mandatory unless otherwise highlighted

This address will be used to create your account

Most read articles loading...

You need to sign in to use this feature. If you don’t have a Central Banking account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account

.