The IMF cuts global growth forecasts due to the delta variant and distribution problems

The International Monetary Fund (IMF) has lowered one tenth global growth forecasts of this year al 5,9 %, due to the delta variant of the coronavirus and worldwide distribution problems. PFor 2022 it maintains the global forecasts at 4.9%.

The agency warns in the report “Global Economic Outlook” that the momentum of the recovery has weakened.

EE. UU., with an estimated growth of 6%, and China, with one of 8%, they continue as the great engines of the world economy this year.

On the other hand, he acknowledges the boom in prices in much of the world, and has linked it to the alterations in global value chains, but has insisted that he foresees that they will gradually moderate from the beginning of 2022. According to his calculations , inflation in advanced economies will close this year with an average of 3.6%, and then fall to 2% in mid-2022.

Forecasts for Spain

The International Monetary Fund (IMF) has lowered the growth forecast for Spain in 2021 to 5.7%, five tenths less than three months ago, due to the delta variant of the coronavirus and supply problems worldwide. However, the IMF Spain’s forecasts for 2022 have improved six tenths of a point, to 6.4%, and foresees that it will be the country of the euro zone that will grow the most together with Greece.

The IMF report also makes projections on the inflation and the unemployment. The agency expects prices to close 2021 with an increase of 2.2%, 1.2% more than expected in April. The consideration for 2022 has risen by three tenths compared to half a year ago, to 1.6%.

Regarding the unemployment rate, the entity foresees that the rebound in the Spanish economy will reduce unemployment to 15.4% in 2021 and 14.8% in 2022. Even so, it will continue to be the highest in the euro zone together with Greece.