The International Monetary Fund announced that global economic expectations are more depressed than expected last month, noting a steady deterioration in the polls of purchasing managers in recent months.
Inflation
The Fund blaming the most darker expectations for tightening the monetary policy caused by the continued high and wide inflation and weak growth momentum in China and the continued defect in supplies and food insecurity caused by the Russian invasion of Ukraine and the fund last month reduced its expectations for global growth in 2023 to 2. 7% of the expectation of the expectation Previous 2. 9%.
Group Twenty
On Sunday, the Fund announced in a blog prepared for the summit of the leaders of the G20, whose effectiveness in Indonesia is held, that the latest indicators “confirm that expectations are more depressed”, especially in Europe, and added that the modern indicators of the directors of purchases that measure manufacturing and services, show the weakness of most economies The Group of Twenty, with the expectation that economic activity is shrinking at a time when inflation is still high.
International Monetary Fund
The International Monetary Fund announced that this, in turn, is “increasing risks to the sovereign debt crisis of weak economies,” and added that the increasingly extreme air phenomena will also harm growth around the world.
The energy crisis in Europe
The aggravation of the energy crisis in Europe will be severely harmful to growth and raises inflation, while prolonged high inflation may lead to greater increases than expected in the interest rate policy and increase the tightening of global financial conditions..
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