Russia's war in Ukraine will slow economic growth and increase inflation, says IMF

Apr 20, 2022

Inflation across the world's nations is expected to increase. Image: Unsplash/Jason Leung

Pierre-Olivier Gourinchas

Professor of Economics, University of California, Berkeley and CEPR Research Fellow

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Two charts: With one showing global growth and the other showing global growth revisions

Advanced economies have had their real GDP growth revised down. Image: IMFBlog/IMF, World Economic Outlook; and IMF staff calculations

A chart showing the divergence between advanced economies, emerging markets and low-income developing countries

Greater divergence can be seen between advanced economies and low-income developing countries. Image: IMFBlog/IMF, World Economic Outlook; and IMF staff calculations

A chart showing inflation expectations for US, Euro area, and EMDE

In the US, inflation has reached its highest level for more than 40 years. Image: IMFBlog/IMF, World Economic Outlook; and IMF staff calculations

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A table showing the latest world economic outlook growth projections

The IMF has revised its projection for global growth downwards to 3.6% in both 2022 and 2023. Image: IMFBlog/IMF, World Economic Outlook, April 2022

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