The "gradual recovery from the pandemic and Russia's invasion of Ukraine continues" but the "fog" has "gathered" over the prospects for the global economy: uncertainty is "high and the balance of risks" hangs at discount.
This was stated by the IMF by revising global growth estimates downwards.
The world's GDP is expected to grow by 2.8% this year and 3% next year, 0.1% less than previously forecast for both years.
"A hard landing is a risk for advanced economies", observes the Fund, highlighting how the recent instability of the banks "reminds us that the situation remains fragile".
Italian unemployment will rise to 8.3% in 2023 from 8.1% in 2022. And in 2024 it will grow again reaching 8.4%.
The International Monetary Fund says so.
In the euro area, the unemployment rate remains stable at 6.8% in 2023 and 2024, with peaks in Spain and Greece.
In fact, Spanish unemployment is expected at 12.6% in 2023 and 12.4% in 2024, while Greek unemployment is expected at 11.2% this year and 10.4% next.
Inflation will fall globally but more slowly than expected.
This was stated by the International Monetary Fund, forecasting a drop in prices from 8.7% last year to 7% in 2023 and 4.9% in 2024.
Core inflation will fall to 5.1% this year, however settling at a higher level (+0.6 percentage points) than the January estimates.
In the euro area, consumer prices are expected to fall from 8.4% in 2022 to 5.3% in 2023 and 2.9% in 2024, thus remaining well above the 2% target.
In the United States, however, they will drop from 8% in 2022 to 4.5% this year and 2.3% next year.