Социально-экономическое положение в странах G20: прогнозы ухудшаются (Social and Economic Situation in G20 Countries: Outlooks are Getting Worse)

Russian Economic Developments. Moscow. 2022. Vol. 29. No. 10. Pp. 4-12

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See all articles by Urmat Dzhunkeev

Urmat Dzhunkeev

Lomonosov Moscow State University

Yury Perevyshin

Russian Academy of National Economy and Public Administration under the President of the Russian Federation (RANEPA) - Department of Economics

Pavel Trunin

Gaidar Institute for Economic Policy

Maria Chembulatova

Gaidar Institute for Economic Policy

Date Written: October 1, 2022

Abstract

Global economic growth rates keep slowing down with economic outlooks getting worse. In August, Moody’s lowered projections of G20’s growth rates to 2.5% in 2022. By Moody’s estimates, the Eurozone will be facing recession in 2023. The factors affecting the economic situation include an energy price shock, tightening of the monetary policy in developed countries, as well as a slowdown of China’s growth rates. In August, nine out of 15 central banks of G20 countries which target inflation held meetings on the monetary policy; the monetary regulators in the UK, South Korea, Brazil, Indonesia, Mexico, Australia and India raised interest rates, while Turkey and China cut them.

Keywords: world economy, growth rates, forecast, monetary policy, Moody’s Agency

JEL Classification: C53, C54, E52, E58

Suggested Citation

Dzhunkeev, Urmat and Perevyshin, Yury and Trunin, Pavel and Chembulatova, Maria, Социально-экономическое положение в странах G20: прогнозы ухудшаются (Social and Economic Situation in G20 Countries: Outlooks are Getting Worse) (October 1, 2022). Russian Economic Developments. Moscow. 2022. Vol. 29. No. 10. Pp. 4-12, Available at SSRN: https://ssrn.com/abstract=

Urmat Dzhunkeev

Lomonosov Moscow State University ( email )

GSP-2, Leninskie Gory
Moscow, 119992
Russia

Yury Perevyshin (Contact Author)

Russian Academy of National Economy and Public Administration under the President of the Russian Federation (RANEPA) - Department of Economics ( email )

Russia

Pavel Trunin

Gaidar Institute for Economic Policy ( email )

Gazetny pereulok, 3-5
Moscow, 125993
Russia

Maria Chembulatova

Gaidar Institute for Economic Policy ( email )

Gazetny Lane 3-5
Profsouyznaya street
Moscow, Moscow 117485
Russia

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