Convincing Features
Assignment Type
Subject
Uploaded by Malaysia Assignment Help
Date
International Monetary Fund (IMF) in their October 2022 publication reported that global economic activity is experiencing a broad-based and sharper-than-expected slowdown, with inflation higher than seen in several decades. The cost-of-living crisis, tightening financial conditions in most regions, Russia’s invasion of Ukraine, and the lingering COVID-19 pandemic all weigh heavily on the outlook.
Global growth is forecast to slow from 6.0 percent in 2021 to 3.2 percent in 2022 and 2.7 percent in 2023. This is the weakest growth profile since 2001 except for the global financial crisis and the acute phase of the COVID-19 pandemic. Global inflation is forecast to rise from 4.7 percent in 2021 to 8.8 percent in 2022 but to decline to 6.5 percent in 2023 and to 4.1 percent by 2024.
Monetary policy should stay the course to restore price stability, and fiscal policy should aim to alleviate the cost-of-living pressures while maintaining a sufficiently tight stance aligned with monetary policy. Structural reforms can further support the fight against inflation by improving productivity and easing supply constraints, while multilateral cooperation is necessary for fast-tracking the green energy transition and preventing fragmentation.
Are you struggling with a difficult assignment that you just can't seem to finish? Do you find yourself short on time and in need of some professional assignment assistance? Dont worry, Malaysiaassignmenthelp.com is here! Our team of experienced and skilled writers is dedicated to providing you with top-quality assignment help services. We offer a wide range of services, from essay writing to research paper assistance, and everything in between. No matter what your academic needs are, we've got you covered.
