The IMF on Tuesday slashed its forecast for global economic growth by nearly a full percentage point, citing Russia's war in Ukraine, and warning that inflation was now a"clear and present danger" for many countries.The IMF on Tuesday slashed its forecast for global economic growth by nearly a full percentage point, citing Russia's war in Ukraine, and warning that inflation was now a"clear and present danger" for many countries.
“As long as these sanctions are in place – and they could be in place for a quite a long time – then the Russian economy is going to be on a very different growth trajectory,” Gourinchas told Reuters in an interview. The IMF on Tuesday slashed its forecast for global economic growth by nearly a full percentage point, citing Russia’s war in Ukraine, and warning that inflation was now a “clear and present danger” for many countries.
Russia’s economy would effectively be “thrown into autarchy” if sanctions were expanded to include energy, leaving it with only a few trading partners, he said. The continued sanctions would force India and China to make difficult choices going forward, given their need to continue to trade with the rest of the world, even if they saw a chance to buy Russian oil and gas at lower prices now.“A lot of countries are going to have to ask themselves, where do we want to be in that new landscape that is emerging?” Right now, he said, he did not expect many countries to”make the choice that their future lies in jumping to the other side.
You are saying he's working for IMF, conveniently ignoring that he works for University of California. He's French too. Why would you think his outlook will be objective? He's ignoring the impact those sanctions are having on EU and USA as we speak.
Aysuka these mongering posed sanctions on themselves, Russia has the world behind them
😂😂😂 and there are people who'll believe this nonsense? West has scored an own goal with that war
And you believe manipulative and bullish IMFNews and its chief economist pogourinchas! Continue spreading well scripted US propaganda.
Western propaganda machines never rest it seems, The EU is approaching collapse, you have the German government telling it's people to shower less due to growing constraints of their energy supply while the very same country (USA) who pushed for this, showers freely, the IRONY 🤣
Does Russia feel the pain though or you're feeling it on its behalf?
Well they are wrong . Things will never be the same for them
This BBC station in South Africa is Russophobic, they share same script with their colonial master and their mission is disinformation of the majority South Africans. If I were Russia, I would target every Russophobic narrators with precision guided missile.
Stop lying and musani ukusicasula
Russia survived sanctions for over 15 years, the economy is booming while the EU, US, UK, Australia and Canada are sinking in the bottomless pit of debts and recession. We are waking up into the multipolar world, and the Empire of Lies is on a random collapse.
Lies
Serious SABC, you can't use Numbers to lie with ur IMF. Are we looking at the same markets and economies? EU is in trouble esp Germany with heavy reliance on Russian Gas. That was from reading numbers!!
Just narrative!!!
Why is the Ruble gaining value almost everyday? The times we believed you punks are over.