On the 18th local time, the United Nations released the "World Economic Situation and Prospects in Mid-2022".
The report predicts that as the global economic recovery is disrupted by the conflict between Russia and Ukraine, which has triggered a huge humanitarian crisis, raised food and commodity prices, and exacerbated inflationary pressures on a global scale.
The report shows that the global economic growth rate in 2022 is lowered to 3.1%, which is lower than the 4% growth rate forecast released in January 2022.
The report expects global inflation to increase to 6.7% in 2022, double the 2.9% average for the 2010-20 period, and food and energy prices to rise sharply.
Among them, the EU's economic growth prospects have weakened significantly, and EU GDP is expected to grow by only 2.7% in 2022, instead of the 3.9% forecast in early January.
(CCTV reporter Xu Dezhi)