“Due to tightly interconnected global supply chains, production disruptions in one country can very quickly cascade across the world,” warns the IMF.
(Photo: dpa)
Berlin The mood that Christian Lindner (FDP) expects in Washington is gloomy. From Wednesday, the Federal Minister of Finance will take part in the spring conference of the International Monetary Fund (IMF) for the first time.
The Ukraine war and the economic consequences will dominate the meeting. The threatened “loss of prosperity is a direct result of the Russian war of aggression,” says a German government official. That will also be Lindner’s message in Washington.
On Tuesday, the IMF presented its new forecast for the development of the global economy, and it turned out fatal. In almost all major countries, the Monetary Fund has had to correct its previous expectations significantly downwards. In January, the IMF was still assuming that the global economy would grow by 4.4 percent in 2022. Now he only expects an increase of 3.6 percent.
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