The International Monetary Fund has slightly lowered its global economic growth forecasts for 2021, due to the repercussions of the Corona pandemic, which continues to affect the economies of poor countries, suffering from a shortage of vaccines and supplies.
In the latest World Economic Outlook report, the Fund indicated that the economy continues to recover during the outbreak of the Corona pandemic, but believes that the spread of the delta and other mutations may affect the economy’s ability to respond.
The Fund reduced its forecasts for global economic growth questyear from 6 to 5.9%, keeping its forecasts for next year at 4.9%.
He lowered his forecast for US economic growth from 7 to 6% quest’year, while it raised its estimates for 2022 from 4.9 to 5.2%.area of the euro, the Fund increased its forecasts from 4.6 to 5% quest’year, while maintaining its estimates for 2022 at 4.3%.
In our region, the International Monetary Fund has raised its growth forecasts for the Saudi economy questyear from 2.4 to 2.8%, and kept them unchanged for the next year at 4.8%.
On the other hand, the report highlighted inflation levels that have risen significantly in the United States as well in some emerging economies.
It also highlighted the sharp rise in the prices of materials prime from last year’s low levels.
The International Monetary Fund said that although it expects the pressure on commodity prices prime decline next year, the outlook for inflation will remain unclear as high levels of inflation come despite employment rates still below pre-pandemic levels. politicians, especially in advanced markets and economies in via of development.
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