Top 10 Countries with the Highest Projected Economic Growth in 2022

Economics & Macro

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Adi Ahdiat 03/02/2022 14:10 WIB

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According to IMF data, the countries with the highest projected economic growth in 2022 were India, the Philippines, Spain, Malaysia, Egypt, Indonesia, Saudi Arabia, China, the United Kingdom, and Pol

Countries with the Highest Projected Gross Domestic Product (GDP) Growth in 2022

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Top 10 Countries with the Highest Projected Economic Growth in 2022

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Countries with the Highest Projected Gross Domestic Product (GDP) Growth in 2022

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The International Monetary Fund (IMF) predicts that global economic growth will weaken from 5.9% in 2021 to 4.4% in 2022. This prediction was made in the IMF's latest report, the *World Economic Outlook Update*, January 2022 edition.

The IMF assesses that the weakening of the global economy over the next year will be influenced by the risk of the spread of Covid-19 Omicron variant, supply chain disruptions, energy price volatility, inflation, geopolitical tensions, and the threat of natural disasters related to climate change.

Nevertheless, the IMF forecasts that economic growth in several countries will remain stable or even increase significantly from the previous year.

India's 2022 Gross Domestic Product (GDP) growth is projected to be stable at 9%, the same as in 2021. The Philippines is projected to grow from 4.6% to 6.3%, Spain from 4.9% to 5.8%, Malaysia from 3.5% to 5.7%, Egypt from 3.3% to 5.6%, Indonesia from 3.3% to 5.6%, and Saudi Arabia from 2.9% to 4.8%.

Some countries are also predicted to experience a decrease in GDP, but still considered quite strong on a global scale: China from 8.1% to 4.8%, the United Kingdom from 7.2% to 4.7%, and Poland from 5.4% to 4.6%.

To address the economic challenges of 2022, the IMF encourages countries to strengthen pandemic management policies, intensify Covid-19 vaccination, strengthen monetary policies to control inflation, increase investment to anticipate climate change disasters, and maintain liquidity through international cooperation.

Editor : Annissa Mutia

"Disclosure: This is an AI-generated translation of the original article. We strive for accuracy, but please note that automated translations may contain errors or slight inconsistencies."

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Top 10 Countries with the Highest Projected Economic Growth in 2022

Top 10 Countries with the Highest Projected Economic Growth in 2022

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Top 10 Countries with the Highest Projected Economic Growth in 2022

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