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WorldPosted at: Apr 22 2022 8:25PM


GDP in advanced European economies to decline to 3 pct - IMF

Washington, April 22 (UNI/Sputnik) GDP growth in the advanced European economies will decline to 3% in 2022, while in the emerging markets it will face a decline of 3.2%, the International Monetary Fund (IMF) said in its regional economic outlook on Friday.
"GDP growth is now forecast to decline in 2022 to 3 and 3.2 percent in advanced European economies and emerging European economies (excluding Belarus, Russia, Turkey and Ukraine), respectively, down by 1 and 1.5 percentage points with respect to the January 2022 World Economic Outlook," the report said.
The IMF warned of potential risks for the regional banking system, which could suffer from defaults by borrowers who face higher debt service burdens and market losses.
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