Download file
Fears of recession amid high uncertainty (IMF)
WAR IN UKRAINE, INFLATION, THE IMPACT OF MONETARY NORMALISATION AND THE WITHDRAWAL OF FISCAL STIMULUS SLOW GLOBAL GROWTH
The inflation scenario worsens with an increase in the forecast of 0.9 pp for 2022/23 compared to Apr. 22
Expected increase in headline core inflation due to expectations unanchoring and 2nd round effects
Growing economic uncertainty and concerns about possible recession in recent months
In Europe, Germany and Spain are the economies most affected by the downward revision of GDP in 2022
IMF global “pessimistic” alternative scenario
THE MATERIALISATION OF THE LATENT RISKS IN THE BASELINE SCENARIO WILL FURTHER DECELERATE GLOBAL GROWTH AND PUSH UP INFLATION GROWTH