The International Monetary Fund lowered its forecast for US economic growth to 2.3% for 2022, 0.6% lower than its estimate issued last month, as it warned of the risk of high inflation.< /p>
The broad-based price and wage pressures have spread rapidly across the economy, that measures of long-term inflation expectations are beginning to skew upward, and measures of inflation expectations have increased,' the IMF wrote in a report. In the short term significantly.
As reported by the Financial Times, IMF Managing Director Kristalina Georgieva warned, on Tuesday, during a forum hosted by the group that includes development experts, that the global economy faces growing risks of a crisis. Debt recovering from the (Covid-19) pandemic, in light of the strong US dollar and the world's trend towards tightening monetary policy.
Georgieva added: 30% of developing and emerging markets, and 60% of low-income countries are at or close to bad debt levels.
