In the report, the Washington-based institution notes that the global inflation outlook is more pessimistic, and now expects it to reach 8.3% in the fourth quarter of this year compared to the fourth quarter of last year, when it forecast 6.9 in April. %.
The IMF explains that the upward revision to inflation in 2022 will be larger for advanced economies, which is expected to reach 6.3% compared to the 4.8% expected in April, driven by large increases in the UK economies (up by 2.7 percentage points). 10.5%) and the Eurozone (upward revision from 2.9 pages to 7.3%).
Forecasts for 2023 remain relatively unchanged, with an upward revision of 0.2 pages.
According to the IMF, this reflects “confidence that inflation will decrease as central banks tighten policies and the underlying effects of energy prices become negative.”
For emerging markets and developing economies, you expect inflation in 2022 to reach 10%.
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Emily Brontë is a journalist and feature writer specialising in culture, entertainment, literature, and current affairs. She is dedicated to producing clear, accurate reporting that helps readers stay informed about developments in the UK and around the world.
