The International Monetary Fund (IMF) on the 30th (local time) raised the global economic growth rate this year to 2.9%, 0.2 percentage points higher than the previous forecast.



The IMF predicted that this year's global economic growth rate would be higher than previously expected due to the easing of inflation due to the effect of monetary policy and the lifting of China's Corona 19 blockade.



The International Monetary Fund (IMF) released its World Economic Outlook (WEO) report on the same day.



The report first estimated that the global economy recorded a growth rate of 3.4% over the past year.



However, this year's global economic growth rate is expected to decline further, falling to 2.9%, before rising again to 3.1% next year.



Previously, in a report last October, the IMF predicted that the global economic growth rate would record 2.7% this year, which is 0.2 percentage point higher than this.



Last year's estimated global economic growth rate of 3.4% was also 0.2 percentage point higher than the previous forecast (3.2%).



However, the IMF said that this figure is lower than the average annual global economic growth rate (3.8%) between 2000 and 2019.



"The world economy is likely to slow this year ahead of a rebound next year," said Pierre-Olivier Gorinzas, chief economist at the International Monetary Fund, in a post on the IMF blog. (3.8%),” he said.



"Nevertheless, the global economic outlook is less pessimistic than last October's outlook," he said.



The IMF's projected economic growth rate for this year by region was 1.2% for developed countries (up 0.1% from the previous forecast) and 4.0% for emerging and developing countries (up 0.3%).



By country, the IMF forecasts that the US will grow 1.4% this year and 1.0% next year, and China will record 5.2% this year and 4.5% next year, respectively.



The US economic growth rate, which is estimated to have grown by 2% last year, rose by 0.4 percentage points this year and fell by 0.2 percentage points next year compared to last October's forecast.



The IMF cited the continuation of domestic demand recovery this year and the steep interest rate hike by the Federal Reserve (Fed) next year as reasons for adjusting its forecasts, respectively.



China's real GDP (gross domestic product) slowed in the fourth quarter of last year, with growth last year at 3%, down 0.2% from previous projections, the IMF estimated.



This is lower than last year's global economic growth rate, and it is the first time in more than 40 years that China's economic growth rate has fallen below the global economic growth rate, the IMF said.



In the case of the Chinese economy, the IMF predicted that this year's growth rate would rise to 5.2% this year due to the lifting of corona restrictions, higher than the previous forecast, and then fall again to 4.5% next year and record less than 4% in the medium term.



The IMF cited declining business dynamics and delays in social structural reform as the reasons for such a mid-term outlook for the Chinese economy.



In addition, the economic growth rates of major countries this year are expected to record ▲ Germany 0.1% ▲ France 0.7% ▲ Italy 0.6% ▲ UK -0.6% ▲ Japan 1.8%.



Russia's economic growth rate, which invaded Ukraine, recorded -2.2% last year, and was expected to increase by 0.3% this year and 2.1% next year.