I Can Give A Stunning Content For A Perfect Topic
Posted By: Afhar
About this Talent:
Hello,
I am Afhar, I am student. I write articles, blogs, speeches, stories and content
So, below is my plan to write an essay titled “Global Economic Growth Slows Amid Gloomy and Uncertain Outlook”.
The world's three largest economies have stalled, with important consequences for the global outlook. Inflation is a major concern The global economy, still reeling from the pandemic and Russia’s invasion of Ukraine, is facing an increasingly gloomy and uncertain outlook. Many of the downside risks flagged in our April World Economic Outlook have begun to materialize.
Higher-than-expected inflation, especially in the United States and major European economies, is triggering a tightening of global financial conditions. China’s slowdown has been worse than anticipated amid COVID-19 outbreaks and lockdowns, and there have been further negative spillovers from the war in Ukraine. As a result, global output contracted in the second quarter of this year.
Under our baseline forecast, growth slows from last year’s 6.1 percent to 3.2 percent this year and 2.9 percent next year, downgrades of 0.4 and 0.7 percentage points from April. This reflects stalling growth in the world’s three largest economies the United States, China and the euro area with important consequences for the global outlook.
In the United States, reduced household purchasing power and tighter monetary policy will drive growth down to 2.3 percent this year and 1 percent next year. In China, further lockdowns, and the deepening real estate crisis pushed growth down to 3.3 percent this year the slowest in more than four decades, excluding the pandemic. And in the euro area, growth is revised down to 2.6 percent this year and 1.2 percent in 2023, reflecting spillovers from the war in Ukraine and tighter monetary policy
Salient Features:
| Job Price:500 | Duration : 12 hours |
| Location: Rs.Sri Lanka | Languages Known : english |
