I refer it to “Corona” and the global supply crisis

The International Monetary Fund warns of the continued slowdown in the global economy

The IMF has confirmed that poverty, hunger and uncontrollable debt in the world are on the rise.

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The International Monetary Fund warned in a recent report of the continued slowdown of the global economy, due to the continuing “Corona” pandemic and the global supply chain crisis, noting that the global economic growth rate will remain close to 6% during the current year, which is a historically high level after a period of stagnation, With great disparity in the fortunes of rich and poor countries.

In its report, the Fund stated that poverty, hunger and uncontrollable debts around the world are on the rise, pointing to the decline in employment rates, especially among women.

He explained that the inequality in access to vaccines and health care is at the heart of the economic disparities, noting that vaccines are available in some of the wealthiest countries, while 96% of the population in low-income countries is still not vaccinated against Corona.

supplies

The IMF's chief economist, Gita Gopinath, said, "Recent developments have proven that the pandemic is not over yet," noting that the economic prospects in the United States, Europe and other advanced economies are bleak, as factories that stumbled due to restrictions related to the pandemic and bottlenecks in the world's major ports caused in short supply.

Consumption and inventory

And the American newspaper, "The New York Times", reported that weak consumption and a significant decrease in inventories in the United States caused the International Monetary Fund to drop the International Monetary Fund's forecast for global economic growth to 6% from 7% estimated last July.

In Germany, industrial production has been hit by the difficulty of finding basic commodities, while lockdown measures over the summer have also dampened growth in Japan, the newspaper reported.

inflation

The newspaper pointed to the increased fear of rising inflation, with the increase in the prices of food, medicine and oil, as well as cars and trucks, indicating that inflation fears may also occur from the inability of governments to stimulate the economy if the slowdown worsens.

"The key to understanding the global economy is that recovery in different countries is asynchronous," said Gregory Dako, chief US economist at Oxford Economics.

energy

Dako stated that the global rise in energy prices threatens to impose more difficulties because it hinders the recovery, pointing out that oil prices rose to their highest level in seven years in the United States during the past week, and that with the approach of winter, Europeans are concerned about the rising costs Heating at low temperatures.

Dako said that in China, electricity is rationed in many provinces, and many companies are operating at less than half of their capacity, which is contributing to an already significant slowdown in growth, while at the same time pointing to the decline in coal reserves in India to dangerous levels.

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