Less international risk-sharing (global economic fragmentation) can lead to greater macroeconomic volatility, more severe crises and greater pressure on national buffers, reads the text published by O Económico magazine quoting the International Monetary Fund (IMF). Severe fragmentation of the global economy after decades of increasing economic integration could reduce the...
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IMF says global economy is on the brink of a precipice
Crisis after crisis, the global economy is being brought to the brink of a precipice. On the day the first in-person World Economic Forum held since 2020 opens in Davos, Switzerland, this Monday, the International Monetary Fund (IMF) says the economy faces "perhaps its greatest test since World War II...
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OECD: World economy GDP will shrink by 1 point and inflation will rise by 2.5
The effects of the war in Ukraine are already being felt at the level of the global economy. After the IMF admitted to revise down its forecasts for the global economy, the Organization for Economic Cooperation and Development (OECD), admitted today that the conflict in Ukraine will reduce the growth of the world economy by one...