WASHINGTON – The International Monetary Fund (IMF) improved its forecast for world gross domestic product (GDP) growth this year by 0.3 percentage points compared to its October estimates, according to the IMF's January report.
Analysts of the fund expect the growth rate of world GDP will be 5.5 percent this year. In the October forecast, this figure was 5.2 percent.
In 2022, the IMF expects 4.2 percent growth. Last year, according to the fund's analysts, the world economy declined by 3.5 percent, while in the fall, experts expected that by the end of 2020, global GDP would fall by 4.4 percent.
At the same time, the fund noted that crude oil prices will grow by more than 20 percent this year, against the lower base level of 2020 but still be much lower than the 2019-year level.
Prices for other commodities are also expected to increase, with the strongest growth anticipated in 2021 for metals prices, IMF experts said. (Tass)
