This lethargy has come at a time when the world has not fully recovered from the outbreak of the devastating Covid-19 epidemic.
The International Monetary Fund (IMF) on Tuesday warned that the world economy ( Global economy ) is losing its momentum due to high interest rates, the ongoing war in Ukraine and rising geopolitical tensions. The IMF estimated that global economic growth would slow to 2.9 per cent in 2024. According to language news, the IMF, however, expects its speed to be three per cent this year. The forecast for next year is less than the estimated three per cent in July.
Decreased economic output
According to the news, this lethargy has come at a time when the world has not fully recovered from the outbreak of the devastating COVID-19 epidemic. Due to several tremors, including the epidemic and Russia’s attack on Ukraine, economic output around the world decreased by about US $ 3,700 billion compared to the pre-Covid trends in the last three years. IMF chief economist Pierre-Olivier Gaurichas said before the IMF and World Bank meeting in Marrakech, Morocco this week that the paralyzed world economy is losing its momentum.
The world economy showed combative potential
Mauritius, however, stated that the world economy (Global Economy) showed remarkable combative potential, Especially at a time when US central banks are raising interest rates in the Federal Reserve (Federal Reserve) and other central banks around the world. Due to the poor economy, inflation has reached a very high level around the world. There are many countries in the world where food inflation rates have reached even beyond the peak. Venezuela has become a country in the world where food inflation has crossed the level of more than 400 per cent.
