Omicron will cut global growth forecasts


Kristalina Georgieva, Managing Director of the International Monetary Fund, said that the Fund’s forecast for global economic growth will likely be reduced due to the emergence of the Omicron strain of the Corona virus.

“The emergence of a new strain that may be able to spread very quickly could undermine confidence, so we will likely see some reductions in our October forecast for global growth,” the IMF managing director added, during the Reuters Next conference.

The International Monetary Fund said in October that it expected the global economy to grow 5.9% this year and 4.9% next year.

The fund at that time referred to The danger of new strains of the Corona virus As it increases the state of uncertainty about when the pandemic will be overcome.

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