The International Monetary Fund (IMF) has announced the latest outlook for the world economy, and has revised this year's global economic growth rate upward by 0.2 percentage points, due to factors such as the stronger-than-expected US economy. On the other hand, he points out that future risks include geopolitical shocks such as attacks on ships in the Red Sea by Yemen's Houthi rebel group.
The IMF released its latest outlook for the global economy on the 30th.
As a result, the economic growth rate for this year has been revised upward by 0.2 points from October last year to 3.1%.
The main reasons for this are the fact that the US economy is stronger than expected, even with high interest rates, and the Chinese government's fiscal support to expand domestic demand.
In addition, the inflation rate, which has risen worldwide due to the spread of the new coronavirus and Russia's invasion of Ukraine, is expected to peak in 2022 and decline faster than expected. He expressed his view that it is possible to achieve this goal.
On the other hand, it points out that a future risk is that prices will rise again due to geopolitical shocks such as continued attacks on ships by Yemen's Houthi rebel group in the Red Sea.
Regarding Japan's growth rate, temporary factors such as the weaker yen and increased consumption after the coronavirus outbreak are expected to weaken, and this year's growth rate is expected to slow to 0.9% from last year's estimate of 1.9%.