The document notes that global GDP growth rates will be 0.1% lower than predicted by the IMF earlier, in July 2021. At the same time, the forecast of IMF experts for 2022 remained unchanged; the growth of world GDP is expected to be 4.9%.
A variety of reasons for the slowdown in the growth rate of global GDP are noted. First of all, they are affected by the impact of the coronavirus pandemic. Delivery chains have suffered due to measures assumed by most governments in the world to control the spread of infection. It influenced such export leaders as Germany and the USA.
On the other hand, the pandemic still poses a significant risk to the health of residents in developing countries, the document says.
The IMF expects that in a number of countries around the world there will be an increase in production efficiency, which will not always be associated with an increase in the number of jobs. According to experts' forecasts, countries engaged in the export of raw materials will find themselves in a more advantageous position - due to the high prices of raw materials. The IMF believes that after 2022, the growth rate of world GDP will drop to 3.3%.
According to experts, accelerated vaccination of the world population should play a priority role for the stable growth of the world economy. For the favorable development of the world economy, it is necessary to vaccinate about 40% of the world's population by the end of 2021, the IMF document says.
As we reported, the International Monetary Fund approved $650 billion in help for vulnerable countries to tackle the economic crisis from the Covid-19 pandemic.