How to read the IMF’s new figures – ABC News
Posted February 06, 2020 06:08:48As the IMF announced its first annual report to the UN on Wednesday, we had a brief look at some of the findings.
The IMF said that the world economy has shrunk in the second quarter of the year, but that it was the weakest since the crisis of 2008.
And that’s an important one, as growth has slowed in the past two years, but the IMF warned that the slowdown could be a long-term trend, even if growth picks up in the future.
So what’s the data to back up this claim?
And what do the IMF say about the future of the global economy?
Let’s start with the official numbers, which are available in the IMF website, and which are reported in a report titled “World economic growth, 2019.”
The IMF says that GDP increased in real terms by 0.1% in the first quarter, which is a fairly solid growth rate.
It also says that growth was revised downward in the quarter to 0.3% from 0.4%.
This is a pretty good result, and in fact the second half of the previous year, the IMF said in its most recent report that growth would have been up to 0:1% and 2:1 in the third quarter of 2019.
That would have put it around 0.6% higher than the 0:0.9% expansion in the year-earlier period.
That’s an impressive figure.
But the IMF also says there are two reasons why the economy is weaker than expected in 2019.
First, it said that GDP in 2019 was revised downwards by 0:4% from its preliminary estimate of 0.5% in August.
And secondly, it revised its estimate of the slowdown in the fourth quarter down to 0% from 1.4% in March.
That means that growth in 2019 is down by 0% in real-terms, and 0.2% in adjusted-for-inflation terms.
But is this really what happened?
The first thing to look at is the figures themselves.
There are three key points here:The first point is that real GDP in the world is currently 0.8% below the peak reached in the financial crisis.
This is partly because of the fact that the global economic recovery has stalled, and that the recovery is still too small for the global economies to fully recover.
But also partly because growth in the United States, Japan, and Europe has slowed.
Second, there is also an economic slowdown in Europe.
It was reported in the Federal Reserve’s report last month that the economy in the continent was expected to grow by 0 to 1.3 percent in 2019, which would be the weakest expansion since the financial downturn.
That slowdown has slowed to 1% in 2019 so far, and is forecast to reach 1.5 percent by 2021.
That is a huge slowdown, but this is a slowdown caused by the fact the economies of these countries are now experiencing a prolonged period of slowdowns in the global recovery.
Third, and most important, there are no data points to show how the global slowdown will impact the global growth outlook.
The figures show that growth is expected to be 3.7% in 2020, up from 3.3%.
That is the weakest growth in three years.
That would be a big drop, and the IMF has now revised that estimate to 4.6%.
This is also the weakest projection in three decades, and even though the IMF says it’s still a long way from recovery, this is an improvement.
The IMF has not reported any data on the recovery of the European economies, but they did say that the growth of the eurozone was expected, at 1.2%, in 2019 and that was a strong result.
And, the International Monetary Fund has said that European growth is on track to reach 2.3%, which would have the strongest growth since the peak in the crisis.
This is good news for the world, and bad news for those who rely on exports to keep their economies afloat.
But, for now, the world economic recovery is running out of steam.