Global Economic Growth Slows Amid Gloomy And More Uncertain Outlook

Brian Leclere - 03 August 2022 - APP Economy MARKET_WATCH

 

  • Many of the downside risks flagged in our April World Economic Outlook have begun to materialize.
  • Despite slowing activity, global inflation has been revised up, in part due to rising food and energy prices.
  • As advanced economies raise interest rates to fight inflation, financial conditions are tightening, especially for their emerging-market counterparts.
  • Governments should refrain from hoarding food and energy and instead look to unwind barriers to trade such as food export bans, which drive world prices higher.

Source: Global Economic Growth Slows Amid Gloomy And More Uncertain Outlook

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