The International Monetary Fund (IMF) lowered the global real GDP growth projection to 4.4% in 2022

Posted on February 16, 2022   |  

  • The International Monetary Fund (IMF) lowered the global real GDP growth projections to 4.4% in 2022  down from the 4.9% projected in October 2021.
  • In 2022, growth for the Middle East and Central Asia will increase to 4.3%, rising from 4.2% in 2021 to 3.6% in 2023.
  • The Omicron variant raised inflation, increased supply chain disruption, and tightened monetary conditions which are projected to average 3.9% in advanced economies and 5.9% in arising markets and developing economies in 2022 before declining in 2023.
  • The immediate rise in global fuel prices to slow down during 2022–2023, which will help calm inflation as oil prices will increase 12% and natural gas prices 58% in 2022, both largely lower than the increases seen in 2021.
  • related to the US Federal Reserve’s (Fed), unemployment is declined sharply accompanied by buoyant nominal wage growth, which can tighten US labor markets.



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