CLEAN : Global growth expected to slow further, 'no recovery in sight' in Russian economy: IMF economist

The video discusses the significant contraction expected in the global economy, with a focus on the potential for further decline in 2022 and 2023. It highlights the role of central banks in managing inflation and the importance of maintaining announced monetary policies. The Russian economy's resilience amid high energy prices and fiscal support is examined, along with the impact on European countries like Germany and Italy due to their dependence on gas.

What percentage of the global economy is expected to experience contraction in 2022 and 2023?

• 5%

• 10%

• 30%

• 50%

How many times has world growth been at 2% or below since 1970?

• Seven times

• Ten times

• Five times

• Three times

What is the current stance of central banks regarding monetary policy?

• They are entering tightening territory.

• They are reducing interest rates.

• They are removing monetary accommodation.

• They are increasing monetary accommodation.

Why is it important for central banks to stay on their announced path?

• To increase inflation pressures.

• To avoid persistent inflation pressures.

• To reduce unemployment rates.

• To decrease economic growth.

What factors have helped stabilize the Russian economy despite its contraction?

• Fiscal support and financial measures

• High energy prices and exports

• Rising domestic consumption

• Increased foreign investments

What is the projected economic outlook for Russia beyond 2023?

• Stable economic conditions

• Rapid recovery

• Continued decline or stagnation

• Moderate growth

Which countries' economic forecasts are significantly impacted by high gas prices?

• United Kingdom and Ireland

• France and Spain

• Germany and Italy

• Norway and Sweden