China News Service, Washington, October 12 (Reporter Sha Hanting) The latest "World Economic Outlook Report" released by the International Monetary Fund (IMF) on the 12th local time shows that affected by the epidemic, the global economy is expected to continue to recover in 2021 But the recovery momentum has slowed down.
The IMF predicts that the economy will grow by 5.9% for the whole year, down 0.1 percentage point from the July forecast.
The report said that the global economy is still recovering, but the impact of the new crown epidemic on the economies of all countries will be more lasting.
At present, the delta strain is spreading rapidly, and new mutant strains may also appear, which will bring more uncertainty to the duration of the epidemic.
The slowdown in employment growth, rising inflation, food security, and climate change have brought many challenges to the policies of various economies.
The report pointed out that the downward revision of the global economic growth forecast for 2021 is mainly due to the slowdown in the forecast growth of advanced economies and low-income developing countries.
Among them, the predicted slowdown in the growth of advanced economies is due to a certain degree of supply disruption; the predicted slowdown in low-income developing countries is mainly due to the worsening of the epidemic.
In addition, the short-term economic prospects of some emerging markets and developing economies that export commodities are expected to improve.
The IMF predicts that the economies of developed economies will grow by 5.2% this year, a decrease of 0.4 percentage points from the July forecast; the economies of emerging markets and developing economies will grow by 6.4%, an increase of 0.1 percentage points from the July forecast.
Among them, the US economy will grow by 6%, a decrease of 1 percentage point from the July forecast; the Eurozone economy will grow by 5%; and the Japanese economy will grow by 2.4%.
At the same time, the IMF predicts that China's economy will grow by 8% this year.
For 2022, the IMF predicts that the global economy is expected to grow by 4.9%, which is the same as the July forecast.
Among them, the economies of advanced economies will grow by 4.5%, and the economies of emerging markets and developing economies will grow by 5.1%.
The economies of the United States, the Eurozone, and Japan grew by 5.2%, 4.3%, and 3.2%, respectively.
The Chinese economy is expected to grow by 5.6%.
IMF chief economist Geeta Gopinat said that due to factors such as differences in vaccine availability and policy support, the economic prospects of various economies have diverged. This is the main problem facing the global economic recovery.
The inflationary pressure brought about by the imbalance between supply and demand will also increase the risk of economic recovery and increase the difficulty of policy response.
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