China News Agency, Washington, October 11 (Reporter Sha Hanting) The International Monetary Fund (IMF) released the latest "World Economic Outlook Report" on the 11th local time, predicting that the global economy will grow by 3.2% in 2022, the same as July The forecast is unchanged; global economic growth will slow to 2.7% in 2023, down 0.2 percentage points from the July forecast.

　　The report said that the current slowdown in global economic activity is generally more severe than expected.

Inflation at the highest level in decades, tightening financial conditions in most regions, the crisis in Ukraine and the continuation of the Covid-19 pandemic have all weighed heavily on the global economic outlook.

The IMF expects global economic growth to slow from 6.0% in 2021 to 3.2% in 2022 and 2.7% in 2023.

　　Specifically, advanced economies are expected to grow by 2.4% this year, down 0.1 percentage points from the previous forecast; next year, they will grow by 1.1%, down 0.3 percentage points from the previous forecast.

The U.S. and euro zone economies are expected to grow by 1.6 percent and 3.1 percent, respectively, this year; next year, they will grow by 1.0 percent and 0.5 percent, respectively.

　　Emerging market and developing economies are expected to grow 3.7% this year, up 0.1 percentage point from the previous forecast, and 3.7% next year, down 0.2 percentage point from the previous forecast.

China's economy is expected to grow 3.2% this year and 4.4% next year.

　　In addition, the report expects global inflation to rise from 4.7% in 2021 to 8.8% in 2022, but fall to 6.5% in 2023 and 4.1% in 2024.

　　The IMF noted that monetary policy should continue to aim to restore price stability, while fiscal policy should focus on easing cost-of-living pressures while maintaining an overall tight stance consistent with monetary policy.

Structural reforms can boost productivity and ease supply constraints, providing further support to fight inflation, while multilateral cooperation is critical for accelerating the transition to green energy, for example.

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