WASHINGTON, D.C. (April 19, 2022)—The war in Ukraine has triggered a costly humanitarian crisis that demands a peaceful resolution. At the same time, economic damage from the conflict will contribute to a significant slowdown in global growth in 2022 and add to inflation. Fuel and food prices have increased rapidly, hitting vulnerable populations in low-income countries hardest.
Global growth is projected to slow from an estimated 6.1 percent in 2021 to 3.6 percent in 2022 and 2023. This is 0.8 and 0.2 percentage points lower for 2022 and 2023 than projected in January.
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- EXECUTIVE SUMMARY
- BLOG BY PIERRE-OLIVIER GOURINCHAS
- FULL REPORT
- APRIL 2022 DATABASE
- PRESS BRIEFING
Source: IMF wrote the original article.