The IMF will significantly worsen the forecast for the world economy.

The International Monetary Fund (IMF) will substantially downgrade world economy estimates in its July report, stated Director of the Department of Strategy Seyla Pazarbasioglu, writes Bloomberg. According to her, rising food and energy prices, slowing capital inflows to emerging markets, the COVID-19 pandemic, and slowing economic growth in China seriously complicates the task of overcoming increasing risks. In April, the IMF lowered its forecast for global economic growth in 2022 from 4.4% to 3.6% due to the war in Ukraine. “In the July report, we will significantly lower our forecast,” the IMF representative said.