9 Tweets Oct 12, 2022
JUST RELEASED: The October 2022 World Economic Outlook projects global growth for 2022 at 3.2% and to slow to 2.7% in 2023. Read the latest analysis and projections, and follow the live press briefing here: IMF.org
Chief Economist @pogourinchas: The effects of multiple shocks are shaping the global outlook: Russia’s war in Ukraine, a cost-of-living crisis, and the slowdown in China. IMF.org #WEO
IMF’s @pogourinchas: Overall, the 2022 shocks will re-open economic wounds that were only partially healed following the pandemic. For many people, 2023 will feel like a recession. IMF.org #WEO
Chief Economist @pogourinchas: We anticipate global inflation to peak at 9.5% in 2022 before decreasing to 4.1% by 2024. Inflation is also broadening well beyond food and energy. bit.ly #WEO
.@pogourinchas: Risks to the economic outlook include policy miscalibration, worsening global financial conditions, increasing inflation, and escalations of the war in Ukraine. IMF.org #WEO
IMF Chief Economist @pogourinchas: Central banks need to keep a steady hand, with monetary policy firmly focused on taming inflationβ€”the most immediate threat to current and future prosperity. bit.ly #WEO
@pogourinchas: The strength of the US dollar is driven mainly by fundamental forces such as rising interest rates in the United States and the energy crisis. Further appreciation could add to challenges in emerging markets. bit.ly #WEO
IMF Chief Economist @pogourinchas: Many low-income countries are in or close to debt distress. Orderly debt restructurings through the G20 Common Framework are urgently needed to avert a wave of sovereign debt crises. Time may soon run out. IMF.org #WEO
IMF Chief Economist @pogourinchas: The energy and food crises and extreme climate events are a stark reminder of what an uncontrolled climate transition would look like. Focused multilateralism is key to overcoming catastrophic climate change. IMF.org #WEO

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