Global economy

From a macroeconomic perspective, the IMF in Apr lowered the global economic growth rate of 2022 from 4.4% in 2021 to 3.6%.

The World Bank in Jun downgraded the global economic growth in 2022 to 2.9% from 4.1%.

OCED in June downgraded global growth of 2022 to 3.0% from 4.5%.

It is rarely seen that the major institutions significantly downgrade economic growth at the same time, and they warn that the world may experience stagflation occurring in the 1970s. Based on the distribution of global wealth, some institutions even predict that the challenges facing by the global economy are likely to exceed those in the 1970s