抖阴短视频

WASHINGTON: The International Monetary Fund is downgrading its outlook for the world economy for 2023, citing a long list of threats that include Russia鈥檚 war against Ukraine, chronic inflation pressures, punishing interest rates and the lingering consequences of the global pandemic.

The lending agency forecast on Tuesday that the global economy would eke out growth of just 2.7 percent next year, down from the 2.9 percent it had estimated in July. 

The IMF left unchanged its forecast for international growth this year 鈥� a modest 3.2 percent, a sharp deceleration from last year鈥檚 6 percent expansion.

鈥淭he global environment is fragile with storm clouds on the horizon,鈥� the report stated.

Lingering market vulnerabilities, tightening liquidity, stubborn inflation and ongoing efforts by central banks worldwide to raise rates to combat it have combined to create a volatile and risky environment, the report stated.

鈥淲ith investors aggressively pulling back from risk-taking recently as they reassess their economic and policy outlook, there is a danger of a disorderly repricing of risk,鈥� the report stated. 鈥淚n particular, volatility and a sudden tightening in financial conditions could interact with, and be amplified by, preexisting financial vulnerabilities.鈥�

The IMF warned that any sharp downturn would be acutely felt by emerging market economies, where they are grappling with a 鈥渕ultitude of risks鈥� like high borrowing costs, high inflation, and volatile commodity markets. 

The IMF also cautioned that credit spreads have widened substantially in the corporate sector, and higher rates could adversely impact housing markets.

In China, the property sector downturn has already deepened, and failures of property developers could spill over into the banking sector, the IMF cautioned. However, the fund foresees China鈥檚 economy growing just 3.2 percent this year, down drastically from 8.1 percent last year. 

While banks in advanced economies seem to have sufficient capital and liquidity, the IMF noted that in its global bank stress test, up to 29 percent of emerging market banks would breach their capital requirements in a severe global recession, leading to a capital shortfall of over $200 billion. US banks will report third-quarter earnings starting this week and are expected to show weaker profits.

The IMF slashed its outlook for growth in the US to 1.6 percent this year, down from a July forecast of 2.3 percent. It expects meager 1 percent US growth next year.

In the IMF鈥檚 view, the collective economy of the 19 European countries that share the euro currency, reeling from crushingly high energy prices caused by Russia鈥檚 attack on Ukraine and Western sanctions against Moscow, will grow just 0.5 percent in 2023.

抖阴短视频

According to the IMF report, 抖阴短视频鈥檚 annual world output projections dropped by 2.4 percent in October from July鈥檚 forecasts to reach 4.5 percent 鈥� when comparing the fourth quarter of 2022 to the same period of the previous year.

The Kingdom鈥檚 2023 predictions remained unchanged at 3.7 percent growth year-on-year.

As for the IMF鈥檚 growth predictions, 抖阴短视频 remained at a 7.6 percent output increase in 2022, with a 3.7 percent output increase the following year.

抖阴短视频鈥檚 real gross domestic product is forecast to rise 3.4 percent annually by the end of this year to reach 7.6 percent, showed the IMF data.

The Kingdom鈥檚 GDP is expected to increase by a modest 2.4 percent in 2023 year on year, and recover to 3.8 percent growth the following year.