Former Chief Economist of the International Monetary Fund, Gita Gopinath is its first Deputy Managing Director.
Le Figaro.
- The forecasters announce one after the other the recession.
Where and when do you think it will happen?
Gita Gopinath.
Three factors are weighing on the outlook for the global economy.
The first is aggressive monetary tightening in a number of major countries to fight inflation, which is driving up interest rates and strengthening the dollar.
The second is the significant slowdown in China, which has repercussions in particular on neighboring countries.
Finally, the third factor is the purchasing power crisis, particularly acute in Europe where gas and electricity prices have risen considerably.
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In this context, we have revised our forecasts downwards in July for the second time this year.
Global growth was estimated at 3.2% for 2022 and 2.9% for 2023. Since then, it has again shown…
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