00:00The spring meetings of the International Monetary Fund comes against the backdrop of conflict in the Middle East,
00:07whose impact is being felt on the global economy, even affecting growth prospects that were still positive just a few
00:14weeks ago.
00:15The global economy was on a steady growth trajectory, around 3.3% in recent years, and we were looking
00:23to upgrade our projections.
00:24The war has stopped that momentum, and we now project growth of 3.1% this year, under our reference
00:33forecast,
00:34with inflation rising to 4.4%, a sharp departure from the previous trend.
00:40The economic impact will depend on the duration and scale of the conflict.
00:46Beyond immediate crisis management, the International Monetary Fund emphasizes on the importance of long-term structural reforms
00:55The Sub-Saharan Africa's ability to withstand external shocks while pursuing structural reforms
01:02could determine whether it manages to resist current turbulence or suffer deeper economic setbacks.
01:0884 05%, the Middle East 6.1% this year, under our reference movement, the ě•Šnessheits
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