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Covid: The economy of the United Kingdom began to grow more slowly than it is forecasted, says the IMF

Covid: The economy of the United Kingdom began to grow more slowly than it is forecast, says the IMF

The economy of the United Kingdom will grow more slowly than expected this year, as it recovers from the Covid pandemic, the International Monetary Fund said. The forecast for the growth of the United Kingdom in 2022 has been reduced to 4.7% of 5% in the latest global economic perspective of the IMF. However, this will be the fastest in the industrialized nations of the G7, since it was last year. In part, it reflects a rebound of Falls Sharp, the United Kingdom suffered during the initial pandemic blocks two years ago. In general, the IMF now expects global growth from 5.9% by 2021 to 4.4% by 2022, half of a lower percentage point for this year than in its last prediction in October 2021.

The global economy enters 2022 in a weaker position than previously expected, said the IMF report. The IMF predicted that the highest levels of inflation that are currently seen in the global economy would continue for more time than I anticipated in its last prognosis, persisting for most of 2022. He said that the interruptions of the supply chain, the volatility of the price of energy and the localized salary pressures meant that the uncertainty around inflation and the routes of the policy were high. The economic growth of the USA UU for this year was degraded by the IMF of 5.2% to 4% after eliminating the effects of President Joe Bidens, he built a better package of fiscal policies from his calculations. Legislation is currently stagnated in Congress and is unlikely to be promulgated in its current form.

Chinese forecasts for 2022 were cut from 5.6% to 4.8%. In China, the interruption in the housing sector has served as a prelude to a wider deceleration, according to the IMF report. The IMF said that the trimming in expectations for global growth also reflected revisions among other major emerging markets. In particular, the two largest Latin American economies, Brazil and Mexico, suffered the highest growth casualties. Mexico also saw a downgrade of 1.2 percentage points and is now expected to see the growth of 2.8%.