IMF: Persistent Inflation Will Slow Economic Growth

Sharing is Caring!

by Mac Slavo of SHTFplan

The International Monetary Fund has issued a rather gloomy outlook for the larger global economy. Persistent inflation is going to slow economic growth making the outcome “gloomier” than they originally expected.

According to its own website, the International Monetary Fund (IMF) works to achieve sustainable growth and prosperity for the planet by supporting economic policies that promote financial stability and monetary cooperation, which are essential to increase productivity, job creation, and economic well-being. The IMF will be one of the key organizations once a central bank digital currency is rolled out for everyone.

The goal is for the slave system to be permanent using a central bank digital currency.

The Endgame: Central Bank Digital Currency

In its latest report that was compiled for the G20 summit (a gathering where billionaires and rulers decide how the slaves will live), the IMF has been gradually slashing its forecast for global growth in 2023 since January when it anticipated 3.8% growth. In October the fund lowered its projection from July’s posting of 2.9% to 2.7%, saying: “we expect countries accounting for more than one-third of global output to contract during part of this year or next.”

See also  Growth/Inflation tradeoffs across G10

Analysts have warned of a 25% probability that downside risks resulting from the Ukraine conflict and stubborn inflation, would slow the global economy to less than 2%.  “The challenges that the global economy is facing are immense and weakening economic indicators point to further challenges ahead,” an economist in the IMF’s research department, Tryggvi Gudmundsson, wrote in a blog post on Sunday.

The IMF noted that there has been a steady worsening in recent months for purchasing manager indices (PMI) which track a range of G20 economies, according to a report by RT. The rulers are continuing to blame inflation, which they caused for the problems.

The cost of living crisis, triggered by spiraling food and fuel inflation, continues to hit consumers worldwide. Price growth has sparked a series of interest rate hikes, making loans more expensive, according to the IMF analysts. They urged policymakers other masters to “continue to prioritize containing inflation” which hurts “vulnerable groups the most.”

“Continued fiscal and monetary tightening is likely needed in many countries to bring down inflation and address debt vulnerabilities and we do expect further tightening in many G20 economies in the months ahead,” Gudmundsson said, stressing that the macroeconomic environment is “unusually uncertain”.

See also  Yahoo Finance CANADA: "Loblaw, Metro warn food inflation could persist as suppliers continue to hike prices"

Kevin O’Leary on Inflation: You Printed $7 Trillion in 30 Months. What Did you Think Would Happen?

Leave a Comment

This site uses Akismet to reduce spam. Learn how your comment data is processed.