Because of the conflict in Ukraine, the IMF warns that economic forecasts for 2022 and beyond are highly unclear. The forecasts also anticipate that the crisis in Ukraine will be contained, and that the pandemic’s health and economic effects would be reduced by 2022.
The IMF has forecasted real GDP growth for each country. Ukraine, unsurprisingly, will have the most severe contraction of -35% this year. More than 14 million people have fled their homes as a result of Russia’s invasion, which has damaged or destroyed 30 percent of the country’s infrastructure.
Global GDP by country 2022 :
If you are concern about year 2023:
Global GDP by country 2023 :
If you are into table form of data here it is , Of course following us on twitter will be quite GDPish.
GDP by country, Global GDP by country :
| Country | 2022P | 2023P |
|---|---|---|
| Austria | 2.6% | 3.0% |
| Brazil | 0.8% | 1.4% |
| Canada | 3.9% | 2.8% |
| China | 4.4% | 5.1% |
| France | 2.9% | 1.4% |
| India | 8.2% | 6.9% |
| Belgium | 2.1% | 1.4% |
| United Kingdom | 3.7% | 1.2% |
| United States | 3.7% | 2.3% |
| Vietnam | 6.0% | 7.2% |
Predictions for the Economy in 2022 and Beyond with regards to Global GDP by country :
In 2022, how resilient will countries be? Commodity shortages resulting from the Russia-Ukraine conflict, supply chain concerns caused by Chinese lockdowns, and tightening monetary policy as inflation rises are all challenges facing economies.
The International Monetary Fund (IMF) has cut its GDP forecasts for 2022 and beyond as a result of these issues. Global GDP growth will decelerate from 6.1 percent in 2021 to 3.6 percent in 2022 and 2023, according to the IMF.
We look at GDP estimates by country in this Markets in a Minute from New York Life Investments. It’s the second installment in a two-part series on global GDP growth.
