The world monetary institution’s gloomy forecasts of economic growth and inflation
According to IRNA from Reuters; The global lender forecast global economic growth of 3.6 percent in the current and future years, which is 0.8 percent lower than the January forecast, given the direct impact of the war on Ukraine and Russia and its global spillovers. And shows a decrease of 0.2%.
The medium-term growth of the world economy is expected to decline to 3.3% compared to the average of 4.1% in the period 2004 to 2013 and 6.1% growth in 2021.
The agency forecasts 5.7 percent inflation this year in advanced economies and 8.7 percent in emerging markets and emerging countries, up 1.8 percent and 2.8 percent, respectively, from January. Is.
Given the Ukraine war and the current negative effects of the epidemic, the EU forecasts that economic growth, which is heavily dependent on Russian energy, will rise to 1.1 percent this year and the eurozone from 3.9 percent in January to 2 percent. At 8 percent, the US economic growth estimate fell to 3.7 percent and China to 4.4 percent.
This financial organization; He blamed the Ukraine war for slowing global economic growth, rising inflation and prolonging its life span in the world compared to previous forecasts, and warned that the phenomenon was a current and obvious threat to many countries.
According to the estimates of this monetary institution; Increasing sanctions on Russian energy and the escalation of the Ukraine war, the emergence of a sharper-than-expected recession in China and the resurgence of the epidemic may further slow economic growth and increase inflation, and rising prices may lead to social unrest. .
The war has exacerbated inflation, which was already on the rise in many countries, due to epidemic imbalances in supply and demand, and recent quarantines in China may create new bottlenecks in the chain. Provide the world.
Declining supply of crude oil, natural gas, and metals produced in Russia, and wheat and corn produced in Russia and Ukraine, have pushed up prices in Europe, the Caucasus and Central Asia, the Middle East, North Africa, and sub-Saharan Africa. It has affected low-income households around the world.
The volatile oil market continues to show signs of tension, and the escalation of Russia’s military operations in Ukraine offers more reasons and excuses for defenders of the Moscow embargo to impose tougher sanctions and increase the likelihood of a Russian embargo on Russian oil.
Russia’s attacks on Ukraine intensify and Russian oil embargo advocates step up amid China’s economic crisis amid Crohn’s restrictions The global oil market reports.
The United Nations has warned that some 20 million people will go hungry this year due to food shortages, citing recent drought in the Horn of Africa, including Kenya, Somalia and Ethiopia.
The United Nations World Food Program (WFP) has said that due to the lack of seasonal rains by the end of this year, another 6 million people may be added to the list of hungry people in these countries. Previous UN figures in the region were 14 million. Some 6 million Somalis, who make up 40 percent of the country’s population, are likely to be starving. In Kenya, the figure will be half a million.