World growth forecasts are reduced with Russia’s invasion of Ukraine and China’s blockadeas highlighted by Moody’s Investors Services in its latest report published this Thursday.
Additional comments
Advanced economies will expand 2.6% in 2022 and emerging market countries will grow 3.8%below the March forecasts, which were 3.2% and 4.2%.
The current high inflation rates could persist for several more months, due to high energy and food prices.
Except for Russia, no recession is currently expected in any G-20 country in 2022 or 2023.
Risks that could lower forecasts further include an escalation of the conflict between Russia and Ukraine and a faster-than-expected slowdown in China’s growth.
Source: Fx Street
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