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Money IMF continues to warn of pandemic risks

17:00  12 october  2021
17:00  12 october  2021 Source:   dw.com

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The global economy will continue to grow - the international monetary fund is based on its current prognosis. But from the pandemic, big risks continued.

Mehrere chinesische Häfen mussten wegen Corona-Fällen geschlossen werden © VCG / Imago Images Several Chinese ports had to be closed because of corona cases

The worldwide recovery adheres to the latest economic forecast of the International Monetary Fund. However, the IMF corrected his forecast slightly down. Accordingly, the global economy will grow by 5.9 percentage points in the current year compared to the previous year. These are 0.1 percentage points less than last accepted in July . For the year 2022, the institution leaves its growth outlook at 4.9 percent.

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The reason for the slightly trusted growth prospects is complex. Health risks are still high and prevented "a complete return to normal."

In Entwicklungs- und Schwellenländern bestehen weiterhin vor allem große Pandemie-Risiken © Picture-Alliance / ImageBroker / b. Bieder in developing and emerging economies continues to consist mainly of large pandemic risks

in the developed economies, especially problems within the supply chains would be added. By contrast, in developing and emerging economies is above all the Development of the pandemic continues to be a major risk . Only countries exporting much of raw materials could compensate for the growth risk. Nevertheless, productivity will increase overall - but it will not automatically come to more jobs, so the IMF.

will become the vacuum trenches Deep

after 2022, according to IMF, global growth will weaken the medium-term at about 3.3 percent in the medium term. However, developed economies will be significantly better and even record more pace than before the start of the pandemic. The lounger above all "measures to increase the potential" where the IMF addresses possible new aid packages for the economy in the industrialized countries T.

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Provided by Deutsche Welle © Provided by Deutsche Wave Provided by Deutsche Wave

The trenches caused by access to vaccines should also deepen itself by IMF in the medium term. It is not the first time that the IMF has warned against an growing gap between industrial and developing countries by the Corona Pandemic . The biggest reason for concern is that "more aggressive variants of SARS-COV-2 could emerge before a comprehensive vaccine is reached." An accelerated vaccination of the world population must have a top priority. At the same time, it must be invested in therapeutics. The IMF calls to vaccinate around 40 percent of the world's population by the end of 2021. By mid-2022 it would be 70 percent.

inflation remains central theme

Total inflation rates are highly rose in many industrialized countries such as the USA and Germany and some emerging markets. According to the IMF, the development is reflected above all "the pandemic imbalances between supply and demand as well as higher raw material prices" compared to previous years. In 2022 The price pressure is likely to let up the price.

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Die Lebensmittelpreise weltweit sind starkt gestiegen - hier ein Bild von einem Markt in Mosambik © DW / M. Mueia the food prices worldwide increased - here a picture of a market in Mozambique

in some emerging and developing countries is likely to stop the price pressure but also as a reason the IMF calls the IMF increased food prices and downstream phrase N of higher energy prices. Currency losses imports in these countries are also likely to increase. However, the inflation prospects are subject to great uncertainty. These arise mainly from the course of the pandemic and the duration of the supply chain problems.

NM / HB (IMF / Economic Outlook)

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