All according to plan.
They love to tip everybody’s hand and give us a “heads up”.
I’d say it’s coming based on what I see at work.
Supply chains are insane right now.
metmom: "All according to plan"
" Moreover, IMF is warning that the repercussions won’t just be short-term. Many lower-income nations are expected to suffer economic woes “for years to come,”
especially those that have not fully recovered economically from the COVID-19 pandemic,..
"
"What’s next: IMF says risks remain tilted to the downside, meaning things may get even worse than the baseline forecast.
For example, next year has a chance of seeing growth sputter to below 2%, an historically low level that would be a real cause for alarm. There is a possibility it could be even worse.
Further, food and energy shocks remain serious risks, especially with the U.S. dollar getting stronger, pushing up inflation.
The energy crisis is likely to have serious ramifications, with IMF keeping a close eye on Europe.
“Winter 2022 will be challenging, but winter 2023 will likely be worse,” Gourinchas said.
(My Comment) :Let me repeat : " Global growth is forecast to sharply decelerate from 6% last year to 3.2% this year and again slow next year to just 2.7% "
“Winter 2022 will be challenging, but winter 2023 will likely be worse,” Gourinchas said", in the article.