WORLD ECONOMY IN SHAMBLES
Indian Economy & Market|October 2022
According to UNCTAD’s Report the world economy is expected to grow 2.5 per cent in 2022. This is more than one percentage points below the rate projected in last year’s Report and prospects appear to be worsening with growth expected to decelerate further next year to 2.2 per cent, leaving real GDP below its preCovid trend by the end of 2023. This year’s sell-off in emerging market dollar-denominated bonds is exacerbating debt distress across several economies of South and Western Asia.
WORLD ECONOMY IN SHAMBLES

The Report worries that an unduly rapid tightening of monetary policy in advanced economies in combination with inadequate multilateral support could turn a slowdown in to recession, triggering vicious economic circles in the developing world with the damage more lasting than after the global financial crisis or Covid shock. The global slowdown is ringing alarm bells across the developing world.

For South Asia, UNCTAD expects a weakening economic expansion of 4.9% in 2022, as inflation increases on the back of high energy and food prices, exacerbating balance of payment constraints and forcing several governments to restrict energy consumption.

この記事は Indian Economy & Market の October 2022 版に掲載されています。

7 日間の Magzter GOLD 無料トライアルを開始して、何千もの厳選されたプレミアム ストーリー、8,500 以上の雑誌や新聞にアクセスしてください。

この記事は Indian Economy & Market の October 2022 版に掲載されています。

7 日間の Magzter GOLD 無料トライアルを開始して、何千もの厳選されたプレミアム ストーリー、8,500 以上の雑誌や新聞にアクセスしてください。

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