Germany, 4th largest economy by GDP in 2020
Caproasia.com | The leading source of data, research, information & resource for financial professionals, investment managers, professional investors, family offices & advisors to institutions, billionaires, UHNWs & HNWs. Covering capital markets, investments and private wealth in Asia. How do you invest $3 million to $300 million? How do you manage $20 million to $3 billion of assets? Caproasia - Learn more



This site is for accredited investors, professional investors, investment managers and financial professionals only. You should have assets around $3 million to $300 million or managing $20 million to $3 billion.










IMF World Economic Outlook Report Oct 2022: Global GDP to Grow 3.2% in 2022 & 2.7% in 2023, Avoid Global Recession Except for Germany, Italy & Russia

16th October 2022 | Hong Kong

The International Monetary Fund (IMF) has released the IMF World Economic Outlook October Report 2022, providing key data & insights into 2022 & 2023 GDP forecast, with global GDP growth in 2022 forecast at 3.2%, 2023 at 2.7%, avoiding a global recession (major economy) except for Germany (2023 GDP: -0.3%), Italy (2023 GDP: -0.2%), and Russia (2022: -3.4%, 2023: -2.3%).  The largest economy United States is expected to grow 1.6% in 2022 and 1% in 2023, and China GDP to grow 3.2% in 2022 and 4.4% in 2023.  United Kingdom (UK) is expected to grow 3.6% in 2022 and 0.3% in 2023.  In Asia, India is expected to grow 6.8% in 2022  and 6.1% in 2023, Japan is expected to grow 1.7% in 2022 and 1.6% in 2023.  ASEAN-5, comprising of Singapore, Malaysia, Thailand, Indonesia, and the Philippines is expected to grow 5.3% in 2022 and 4.9% in 2023.  Global inflation is forecast to increase from 4.7% in 2021 to 8.8% in 2022, and decrease to 6.5% in 2023 and to 4.1% in 2024.  See below for Key findings & review, 2022 & 2023 IMF GDP forecast, and announcement.  (GDP ~ Gross Domestic Product) | View: IMF World Economic Outlook Oct 2022 Report

 



- Article continues below -



Sign Up
Basic Member: $5 Monthly | $60 Yearly
Newsletter Daily 2 pm (Promo): $20 Monthly | $180 Yearly (FP: $680)


The 2024 Investment Day
23rd July Hong Kong | 25th July Singapore

Private Equity, Hedge Funds, Boutique Funds, Private Markets & more. Taking place on 23rd July 2024 in Hong Kong, 25th July 2024 in Singapore.
Visit | Register here


The 2024 Family Office Summit
16th Oct Hong Kong | 23rd Oct Singapore

Join 80 single family offices & family office professionals in Hong Kong & Singapore
Links: 2024 Family Office Summit | Register here





“ Global GDP to Grow 3.2% in 2022 & 2.7% in 2023, Avoid Global Recession Except for Germany, Italy & Russia. Inflation is forecast to increase from 4.7% “

 

IMF World Economic Outlook Report – A Survey by the IMF staff usually published twice a year. It presents IMF staff economists’ analyses of global economic developments during the near and medium term.

The International Monetary Fund (IMF) monitors the international monetary system and global economic developments to identify risks and recommend policies for growth and financial stability. The Fund also undertakes a regular health check of the economic and financial policies of its 190 member countries.  The International Monetary Fund (IMF) works to achieve sustainable growth and prosperity for all of its 190 member countries. It does so by supporting economic policies that promote financial stability and monetary cooperation, which are essential to increase productivity, job creation, and economic well-being. The IMF is governed by and accountable to its member countries.  The IMF has 3 critical missions: furthering international monetary cooperation, encouraging the expansion of trade and economic growth, and discouraging policies that would harm prosperity. To fulfill these missions, IMF member countries work collaboratively with each other and with other international bodies.

 

IMF World Economic Outlook Report Oct 2022

Germany, 4th largest economy by GDP in 2020

Key Findings:

  • Global GDP growth in 2022: 3.2%, 2023 at 2.7%
  • Global Recession: Avoiding a global recession (major economy) except for Germany (2023 GDP: -0.3%), Italy (2023 GDP: -0.2%), and Russia (2022: -3.4%, 2023: -2.3%).
  • 2 Largest Economy: The largest economy United States is expected to grow 1.6% in 2022 and 1% in 2023, and China to grow 3.2% in 2022 and 4.4% in 2023.  
  • United Kingdom (UK) is expected to grow 3.6% in 2022 and 0.3% in 2023.
  • In Asia, India is expected to grow 6.8% in 2022  and 6.1% in 2023, Japan is expected to grow 1.7% in 2022 and 1.6% in 2023.  
  • ASEAN-5, comprising of Singapore, Malaysia, Thailand, Indonesia, and the Philippines is expected to grow 5.3% in 2022 and 4.9% in 2023.  

Key Review:

  1. Inflation and Uncertainty
  2. Central Banks Tackle Stubbornly High Inflation
  3. War in Ukraine Causes More Human Suffering and Economic Damage 
  4. The Forecast: Output Lower Still, but Inflation Peaking
  5. Risks to the Outlook: The Downside Still Dominates
  6. Policy Actions: From Inflation to Growth
  7. Recent World Economic Organisation Inflation Forecast Errors
  8. Decarbonizing the Economy
  9. Credible Policies, Key for a Successful Transition
  10. Near-Term Implications of Carbon Pricing

 

World Economic Outlook Report October 2022: GDP Forecast for 2022 & 2023

World Economic Outlook Report October 2022: GDP Forecast for 2022 & 2023

 

Short Summary

Global economic activity is experiencing a broad-based and sharper-than-expected slowdown, with inflation higher than seen in several decades. The cost-of-living crisis, tightening financial conditions in most regions, Russia’s invasion of Ukraine, and the lingering COVID-19 pandemic all weigh heavily on the outlook. Global growth is forecast to slow from 6.0 percent in 2021 to 3.2 percent in 2022 and 2.7 percent in 2023. This is the weakest growth profile since 2001 except for the global financial crisis and the acute phase of the COVID-19 pandemic. Global inflation is forecast to rise from 4.7 percent in 2021 to 8.8 percent in 2022 but to decline to 6.5 percent in 2023 and to 4.1 percent by 2024. Monetary policy should stay the course to restore price stability, and fiscal policy should aim to alleviate the cost-of-living pressures while maintaining a sufficiently tight stance aligned with monetary policy. Structural reforms can further support the fight against inflation by improving productivity and easing supply constraints, while multilateral cooperation is necessary for fast-tracking the green energy transition and preventing fragmentation.

 

IMF World Economic Outlook Growth Downgrade – Announcement

The IMF issued a gloomy forecast for global growth, downgrading its forecast for 2023 in its World Economic Outlook report issued Tuesday in Washington, D.C.  IMF Chief Economist Pierre-Olivier Gourinchas, Petya Koeva Brooks and Daniel Leigh answered questions on how the current turbulence will shape things in the months to come.  The IMF chief economist opened with a broad look at the growth forecast for the next year, which is likely to be much lower than expected, due to several main factors.

“The global economy continues to face steep challenges. Shaped by three powerful forces, the Russian invasion of Ukraine, the cost of living crisis caused by persistent and broadening inflation pressures, and the slowdown in China,” Gourinchas said at a news conference launching the report at the IMF’s Annual Meetings.

Gourinchas also highlighted the continuing impact the war in Ukraine is having on the global energy crisis.

“The war in Ukraine is still raging and further escalation can exacerbate the energy crisis. Our October World Economic Outlook Report presents a risk assessment around or baseline projections. With 25% probability, global growth next year could slow down to below 2%, a historically low level. We’ve only had that five times since 1970.”

When asked about the continued risk new COVID-19 variants would have, Gourinchas said progress was being made, although he suggested China’s continued lockdown regulations are an exception.

“An important exception is China, where a different health policy path has been charted. And as a result, the country is still facing continued, localized, but important sometimes lockdowns. And that’s something that is weighing down on Chinese economic activity in our in our baseline forecasts because of the continuation of zero-covid policy, ” said the IMF’s Chief Economist.

IMF Economist Petya Koeva Brooks provided new insight on the impact that rising inflation and the energy crisis is having the Italian economy.

“We are expecting Italy to enter a technical recession in the coming quarters. And a big impact has come from the energy crisis and the elevated inflation and the adverse impact on real incomes. So when it comes to the risks to this outlook, they are getting very much on the downside. And again, they are related to even further impact coming from energy markets,” she said.

The panel was asked to turn their attention to the Horn of Africa, where there is a severe humanitarian crisis. In addition to high debt levels and a strengthening US dollar, IMF Economist Daniel Leigh highlighted low vaccination rates in the region as one of the factors in the continuing financial stress caused by the pandemic.

“It is a region very severely affected by the war in Ukraine. The food, fuel and fertilizer price spike is having a negative effect on agriculture and a broad part of the economy. On top of that, this is one of the parts of the world where the COVID shock is still really severe in terms of the very low vaccination rates, 26% only in sub-Saharan Africa, compared to 66% in the rest of the world. Only 2% have a booster compared to a third to a half in the rest of the world. So on top of that, the global slowdown means less demand for the products of the region. And then on top of that, the higher interest rates, low growth means that two thirds of the countries in the regions are facing stress or debt distress. So this is why the attention here is very much on providing relief, also in terms of supporting the common framework to avoid the debt crisis from spreading,” Said Daniel Leigh.




Managing $20 million to $3 billion. Investing $3 million to $300 million.
For Investment Managers, Hedge Funds, Boutique Funds, Private Equity, Venture Capital, Professional Investors, Family Offices, Private Bankers & Advisors, sign up today. Subscribe to Caproasia and receive the latest news, data, insights & reports, events & programs daily at 2 pm.

Join Events & Find Services
Join Investments, Private Wealth, Family Office events in Hong Kong, Singapore, Asia-wide. Find hard-to-find $3 million to $300 million financial & investment services at The Financial Centre | TFC. Find financial, investment, private wealth, family office, real estate, luxury investments, citizenship, law firms & more.  List hard-to-find financial & private wealth services.

Have a product launch? Promote a product or service? List your service at The Financial Centre | TFC. Join interviews & editorial and be featured on Caproasia.com or join Investments, Private Wealth, Family Office events. Contact us at [email protected] or [email protected]

Caproasia.com | The leading source of data, research, information & resource for financial professionals, investment managers, professional investors, family offices & advisors to institutions, billionaires, UHNWs & HNWs. Covering capital markets, investments and private wealth in Asia. How do you invest $3 million to $300 million? How do you manage $20 million to $3 billion of assets?



Quick Links


2021 Data Release
2020 List of Private Banks in Hong Kong
2020 List of Private Banks in Singapore
2020 Top 10 Largest Family Office
2020 Top 10 Largest Multi-Family Offices
2020 Report: Hong Kong Private Banks & Asset Mgmt - $4.49 Trillion
2020 Report: Singapore Asset Mgmt - $3.48 Trillion AUM


For Investors | Professionals | Executives
Latest data, reports, insights, news, events & programs
Everyday at 2 pm
Direct to your inbox
Save 2 to 8 hours per week. Organised for success

Register Below

For CEOs, Heads, Senior Management, Market Heads, Desk Heads, Financial Professionals, Investment Managers, Asset Managers, Fund Managers, Hedge Funds, Boutique Funds, Analysts, Advisors, Wealth Managers, Private Bankers, Family Offices, Investment Bankers, Private Equity, Institutional Investors, Professional Investors

Get Ahead in 60 Seconds. Join 10,000 +
Save 2 to 8 hours weekly. Organised for Success.

Sign Up / Register


    Investment ProfessionalAdvisorProfessional InvestorFinancial ProfessionalManagementOthers


    $20 million to $100 million AUM$100 million to $300 million AUM$300 million to $1 billion AUM$1 billion to $10 billion AUM$10 billion to $100 billion AUMMore than $100 billion AUM


    Mailing List / Free TrialMonthly SubscriptionYearly SubscriptionMembershipEvents


    2024 Investment Day Hong Kong 23rd July2024 Investment Day Singapore 25th July2024 Investment Day Hong Kong 4th Sept2024 Investment Day Singapore 11th Sept2024 Family Office Summit Hong Kong 16th Oct2024 Family Office Summit Singapore 23rd Oct / 6th Nov










    Web links may be disabled on mobile for security.
    Please click on desktop.










    Caproasia Users

    • Manage $20 million to $3 billion of assets
    • Invest $3 million to $300 million
    • Advise institutions, billionaires, UHNWs & HNWs

    Caproasia Platforms | 11,000 Investors & Advisors

    Monthly Roundtable & Networking

    Family Office Programs

    The 2024 Investment Day

    • March 2024 - Hong Kong
    • March 2024 - Singapore
    • June 2024 - Hong Kong
    • June 2024 - Singapore
    • Sept 2024 - Hong Kong
    • Sept 2024 - Singapore
    • Visit: The Investment Day | Register: Click here

    Caproasia Summits

    Contact Us

    For Enquiries, Membership
    [email protected], [email protected]

    For Listing, Subscription
    [email protected], [email protected]

    For Press Release, send to:
    [email protected]

    For Events & Webinars
    [email protected]

    For Media Kit, Advertising, Sponsorships, Partnerships
    [email protected]

    For Research, Data, Surveys, Reports
    [email protected]

    For General Enquiries
    [email protected]





    Caproasia | Driving the future of Asia
    a financial information technology co.
    since 2014




    Previous articleUK Prime Minister Liz Truss: High Income Earner Tax Remains at 45% Instead of Reduction to 40%, Corporate Tax to Increase from 19% to 25% in April 2023
    Next articleBNP Paribas Private Bank Hires Bank of Singapore Tariq Saleim as Head of Credit Wealth Management APAC
    Caproasia.com covering capital markets, investments and private wealth in Asia. Our users manage, advise & invest $25 trillion assets in Asia