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IMF worries about risks to recovery

2021-10-12T18:20:55.273Z


DECRYPTION - Global growth will be slightly weaker than expected. Geographical differences are widening.


The economic turmoil is not all behind us.

"The recovery of the global economy continues, but the momentum has weakened, delaying the return to normal,"

Gita Gopinath, chief economist of the IMF, explained Tuesday when presenting the latest forecasts of the organization in as part of the fall meetings of the IMF and the World Bank in Washington.

Global GDP growth will be 5.9% this year - a

"slight"

downward revision from the 6% estimate expected in July - then 4.9% next year.

The

"risks"

weighing on the economic outlook

"have increased"

, continues the economist.

For developed countries, these are especially bottlenecks in supply chains, rising commodity prices or labor shortages.

As a result of these tensions, the US growth forecast for this year has been sharply revised to 6%, down from 7% previously.

This is also the case in Germany,

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Source: lefigaro

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