Africa-Press – Gambia. (Bloomberg) — Sign up for the New Economy Daily newsletter, follow us @economics and subscribe to our podcast.
Most Read from Bloomberg
Ukraine Latest: UN Chief to Meet Zelenskiy, Putin Next Week
Ukraine Latest: Zelenskiy Says Blinken, Austin Will Visit Kyiv
The Second Wave of the Russian Oil Shock Is Starting
Florida’s DeSantis Strips Disney’s Self-Governance Privileges
I Modeled For Abercrombie. Netflix’s ‘White Hot’ Doc Is Accurate
Russia’s war in Ukraine and China’s strict coronavirus restrictions prompted the International Monetary Fund to downgrade global economic growth estimates.
The fund also raised its inflation projections and pointed to an increased risk of price expectations becoming unanchored. Inflationary pressures are restraining some business activity in Europe while adding to instability in Africa.
Here are some of the charts that appeared on Bloomberg this week on the latest developments in the global economy:
World
The IMF slashed its world growth forecast by the most since the early months of the Covid-19 pandemic, and projected even faster inflation. Global expansion will slow to 3.6% in 2022, down from a forecast of 4.4% in January before the war, the fund said.
A barrage of shocks is building that’s unlike anything emerging markets have had to confront since the 1990s, when a series of rolling crises sank economies and toppled governments. Turmoil triggered by rising food and energy prices is already gripping countries like Sri Lanka, Egypt, Tunisia and Peru. It risks turning into a broader debt debacle and yet another threat to the world economy’s fragile recovery from the pandemic.
Europe
Companies in Europe’s two largest economies are increasingly concerned that rising prices will add to disruptions in business activity, with Germany already seeing growth weakening at the start of the second quarter.
U.K. retail sales plunged more than forecast in March as the cost-of-living crisis squeezed incomes and consumers braced for higher taxes and energy bills.
For More News And Analysis About Gambia Follow Africa-Press
