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“Headline inflation will peak in the final months of 2021 and is expected to return to pre-pandemic levels in both developed and emerging markets by mid-2022, although the risk of rising prices at consumer persists, “the IMF said in its latest global report. Economic report Review of growth prospects.
The full report will be published next Tuesday.
Prices around the world have been rising all these years as the global economy recovers from the crisis caused by the COVID-19 pandemic.
In its latest forecast, the IMF has highlighted commodity shortages, supply chain disruptions and the resumption of economic activity.
According to the IMF, in rich countries, “headline inflation will peak in the final months of 2021 and fall to around 2 percent by mid-2022.”
In emerging and developing economies, inflation will fall from a high of 6.8 percent. level up to 4 percent.
However, the IMF warned of the impact of various factors on its forecasts, saying that governments should be prepared for “a perfect storm of inflation risks, which can be quite favorable in isolation, but which in some circumstances could lead to significantly higher levels of expected inflation. “
In a speech Tuesday, IMF chief Kristalina Georgieva described inflation as an obstacle to global recovery from the COVID-19 recession, which caused the IMF to lower its growth forecast for this year “slightly”. .
