World Economic Outlook October 2022

10pointer14 Oct, 2022Education

10POINTER- The International Monetary Fund (IMF) has published the World Economic Outlook Report, October 2022, World Economic Outlook Report, best known for its global growth forecasts. Key-Findings Globally Global economic activity is experiencing a broad-based and sharper-than-expected slowdown, with inflation higher than seen in several decades. The cost-of-living crisis, tightening financial conditions in most regions, Russia?s invasion of Ukraine, and the lingering COVID-19 pandemic all weigh heavily on the outlook. Global growth is forecast to slow from 6.0 percent in 2021 to 3.2 percent in 2022 and 2.7 percent in 2023.