In its Global Economic Outlook update report, the IMF stated that global economic growth was reduced from 3 to 2.9 percent for 2019, from 3.4 to 3.3 for 2020, and from 3.6 to 3.4 for 2021. .
The International Monetary Fund (IMF) lowered its global growth forecast for 2019, 2020 and 2021.
IMF published the January 2020 issue of the World Economic Outlook Report with the title “Temporary balancing, slow recovery”.
The report stated that global economic growth was reduced from 3 to 2.9 percent for 2019, from 3.4 to 3.3 for 2020, and from 3.6 to 3.4 percent for 2021.
The report stated that the downward revision in growth reflects the negative developments in economic activities in several emerging markets, especially India, and noted that this situation led to a re-evaluation of growth expectations.
In the report, it was stated that signs of stabilization in production, monetary policies, positive news about US and China trade relations, and the decreasing possibility of the UK leaving the European Union (EU) without an agreement revived market expectations, and it was stated that these developments have not yet visibly affected global macroeconomic data.
In particular, rising geopolitical tensions between the United States and Iran, an increase in social unrest, a further deterioration in relations between the United States and its trading partners, and an increase in economic tensions between other countries were listed as downside risks in the report.
The report emphasized that if these risks materialize, global growth will be lower than expected.
Pointing out the importance of strengthening multilateral cooperation and pursuing balanced policies, the report noted that close cross-border cooperation is necessary, especially in areas such as protecting the rules-based trading system, reducing greenhouse gas emissions and strengthening the international tax architecture.
In the IMF report, the growth forecast for the USA was 2.3 percent in 2019, 2 percent in 2020 and 1.7 percent in 2021.
The growth forecast for the Eurozone is 1.2 percent in 2019, 1.3 percent in 2020 and 1.4 percent in 2021, while Germany’s growth forecast is 0.5 percent in 2019 and 1.1 percent in 2020. It was estimated that the UK would grow by 1.4 percent in 2021, by 1.3 percent in 2019, by 1.4 percent in 2020, and by 1.5 percent in 2021.
The report included an estimate that China will grow 6.1 percent in 2019, 6 percent in 2020 and 5.8 percent in 2021.
Source: https://www.aa.com.tr/tr/ekonomi/imf-kuresel-buyume-tahminlerini-dusurdu/1708463
