Al Mayadeen English

  • Ar
  • Es
  • x
Al Mayadeen English

Slogan

  • News
    • Politics
    • Economy
    • Sports
    • Arts&Culture
    • Health
    • Miscellaneous
    • Technology
    • Environment
  • Articles
    • Opinion
    • Analysis
    • Blog
    • Features
  • Videos
    • NewsFeed
    • Video Features
    • Explainers
    • TV
    • Digital Series
  • Infographs
  • In Pictures
  • • LIVE
News
  • Politics
  • Economy
  • Sports
  • Arts&Culture
  • Health
  • Miscellaneous
  • Technology
  • Environment
Articles
  • Opinion
  • Analysis
  • Blog
  • Features
Videos
  • NewsFeed
  • Video Features
  • Explainers
  • TV
  • Digital Series
Infographs
In Pictures
  • Africa
  • Asia
  • Asia-Pacific
  • Europe
  • Latin America
  • MENA
  • Palestine
  • US & Canada
BREAKING
Syrian Defense: We call on all parties in Sweida to cooperate with security forces and exercise restraint
Al Mayadeen's correspondent: The Lebanese Army is continuing its investigations and will later announce any information that does not affect the confidentiality of the investigation
Al Mayadeen's correspondent: It has not yet been determined whether the detainees belong to ISIS or another organization
Al Mayadeen's correspondent: Around 10 people of different nationalities, including Lebanese nationals, were detained
Al Mayadeen's correspondent: The Lebanese army arrested a number of people in the Matn area of Mount Lebanon with possession it has not disclosed
Gaza Civil Defense spokesman: We have strong indications that there are martyrs, injuries, and trapped people in the Salah al-Din area
Gaza Civil Defense spokesman: Citizens should avoid Salah al-Din Street because anyone who approaches it is at risk of being directly targeted
Gaza Civil Defense spokesman: Reality is that there is a very limited retreat of the vehicles, with the occupation forces providing cover undeer fire up to Salah al-Din Street
Gaza Civil Defense spokesman: Claims that the Israeli occupation has withdrawn from areas in the neighborhoods of al-Zaytoun, al-Tuffah, and al-Shujaiya are false
Hamas: The two delegations stressed that any negotiations must lead to the achievement of our people's goals and aspirations, foremost among which is ending the war and the complete withdrawal of enemy forces

IMF may lower forecast for global economic growth in July - Spokesman

  • By Al Mayadeen English
  • Source: Agencies
  • 10 Jun 2022 00:04
  • 1 Shares
3 Min Read

The IMF spokesperson Gerry Rice noted that "a number of developments have taken place that could lead us to revise further, when that comes with the World Economic Outlook update in July."

  • x
  • IMF
    The International Monetary Fund

International Monetary Fund (IMF) spokesperson Gerry Rice said on Thursday that the IMF may review downward in July its forecast for global economic growth.

During a press briefing, Rice said, "We did revise our growth forecast back in April, at the time of our WEO update," referring to IMF’s World Economic Outlook report.

"We went from 4.4% for the world in 2022 to 3.6%, and since then clearly a number of developments have taken place that could lead us to revise further, when that comes with the World Economic Outlook update in July," he added.

Given the evolvement of the situation in the world, the IMF may be obliged to make more revisions still, Rice explained.

The current economic situation was described by Rice as a "slowdown" amid the continuous confrontation of significant challenges by a significant number of countries.  

"We see the global economy headed into a growth slowdown. Some countries may indeed be looking at recession," he said.

Related News

US to lift trade restrictions on China following new bilateral deal

World Bank: Global growth to slow sharply, worst since 2008

IMF director warns of global inflation shock

The head of the International Monetary Fund had issued a warning in April of a global inflation shock which is caused by the war in Ukraine, in addition to the ongoing COVID-19 pandemic which is slowing down economic growth this year and the next.

The IMF managing director, Kristalina Georgieva, said the IMF, a fund based in Washington, will be lowering its global economic growth predictions for the years 2022 and 2023 due to the war in Ukraine, entailing the increase in the price of food, energy, and other essential commodities around the world. 

“We are facing a crisis on top of a crisis,” she said in a speech, stressing that the world is facing a clear and present danger as a result of high inflation. 

The situation, which was already bad from the pandemic, is worsened by the current situation in Europe. High-income countries are experiencing the highest inflation rates in 40 years as worries about oil and gas provisions are on the rise. 

Referring to when the IMF cut its global growth prediction to 4.4% in 2022, Georgieva remarked that "the outlook has deteriorated substantially, largely because of the war and its repercussions.

“Inflation, financial tightening and frequent, wide-ranging lockdowns in China – causing new bottlenecks in global supply chains – are also weighing on activity.”

Furthermore, she warned that Africa, the Middle East, Asia, and Europe - who are net importers of food and fuel - will feel the crisis the most.

  • Global economy
  • IMF

Most Read

Hezbollah SG reveals war details on Al Mayadeen for the first time

Hezbollah SG reveals war details on Al Mayadeen for the first time

  • Politics
  • 8 Jul 2025
Major ambush in Gaza kills 6 Israeli troops, injures dozens

Major ambush in Gaza kills 5 Israeli troops, injures 14

  • Politics
  • 8 Jul 2025
Israeli soldiers are seen in Beit Hanoun ahead of an operation by the al-Qassam Brigades, undated (Al-Qassam Brigades Military Media)

'Israel' on blast as media exposes report discrepancies in Gaza ambush

  • Palestine
  • 8 Jul 2025
Yemen Navy sinks ETERNITY C ship, shares footage of operation

Yemen Navy sinks ETERNITY C ship, shares footage of operation

  • Politics
  • 9 Jul 2025

Coverage

All
The Ummah's Martyrs

Read Next

All
The Freedom Flotilla ship Handala as it departs for Gaza, where it aims to break the maritime blockade at a port in Syracuse, Sicily in southern Italy on July 13, 2025. (AFP)
Palestine

Freedom Flotilla's Handala departs Sicily in bid to break Gaza siege

The container ship CMA CGM Laperouse, left, docks at the Georgia Ports Authority's Port of Savannah, Sept. 29, 2021, in Savannah, Ga (AP)
Politics

US shipbuilding woes deepen as tariffs, outdated policies backfire

Gaza war raises ethical questions for ex-Obama, Biden officials
Politics

Mercenary firm tied to Gaza war crimes hires Obama-Biden PR operatives

'Israel' targets children in Gaza collecting water
Palestine

'Israel' strikes Gaza kids fetching water, blames it on 'malfunction'

Al Mayadeen English

Al Mayadeen is an Arab Independent Media Satellite Channel.

All Rights Reserved

  • x
  • Privacy Policy
  • About Us
  • Contact Us
  • Authors
Android
iOS