The International Monetary Fund (IMF) released its latest outlook for the world economy, cutting its economic growth rate for next year to 2.7%, down 0.2 percentage points from the previous year.
He points out that ``next year will feel like a recession for many,'' due to prolonged inflation and other factors.
The International Monetary Fund (IMF) released its latest global economic outlook on Thursday, cutting its global growth forecast for next year by 0.2 percentage points to 2.7%.
The main factors are Russia's military invasion of Ukraine, rising costs of living due to prolonged inflation, and a slowdown in China's economy.
By country and region, the growth rate in the United States remained at the same 1% as before, but it is said that the economy will cool down due to the rapid interest rate hike, and it will shrink further from this year's forecast of 1.6%.
Meanwhile, the Eurozone rate was revised down to 0.5%, 0.7 points lower than before.
This is because Russia's invasion of Ukraine has led to soaring energy prices, which has hit civil life and economic activity.
China also decreased by 0.2 points to 4.4%.
In China, the real estate market, which accounts for about one-fifth of economic activity, is decelerating rapidly, and it may affect the global economy in the future.
Japan's DI fell by 0.1 points to 1.6% due to the impact of restrained consumption due to price increases.
The IMF points out that 'the worst is yet to come. Next year will feel like a recession for many.'