IMF warns likelihood of additional supply chain bottlenecks
![](https://www.cuinsight.com/wp-content/uploads/2021/10/bigstock-Dollar-Bills-Background-Pile-421704959.jpg)
The International Monetary Fund Tuesday released its latest assessment of the world economy, suggesting the global economic outlook has “worsened significantly” since January – largely due to Russia’s invasion of Ukraine.
In addition, higher inflation leading to tighter monetary policy in many countries and recent lockdowns in China are factors that also pose a risk to economic growth.
“There is a rising risk that inflation expectations become de-anchored, prompting a more aggressive tightening response from central banks,” wrote IMF Economic Counsellor Pierre-Olivier Gourinchas in the report.
The latest IMF forecast projects global growth of 3.6 percent in 2022 and 2023; however, that is down 0.8 and 0.2 percent, respectively, from the January forecast.
continue reading »