Inflation Projections By The World Bank and IMF
WASHINGTON, June 9 2022 (Reuters) – The International Monetary Fund expects to further cut its forecast for global economic growth in 2022 next month, an IMF spokesperson said on Thursday, following moves by the World Bank and Organization for Economic Co-operation and Development (OECD) to cut their own forecasts this week.
That would mark the IMF’s third downgrade this year. In April, the IMF had already slashed its forecast for global economic growth by nearly a full percentage point to 3.6% in 2022 and 2023.
Fund spokesperson Gerry Rice told a regular IMF briefing that the overall outlook still called for growth across the globe, albeit at a slower level, but that some countries may be facing a recession.
The World Bank on Tuesday slashed its global growth forecast by nearly a third to 2.9% for 2022, citing compounding damage from Russia’s invasion of Ukraine and the COVID-19 pandemic, while warning about the rising risk of stagflation.
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What This Projection Means For You
It means less satisfaction with our work because compensation rarely rises to meet the increase in inflation.
The Way Many of Us Are Adjusting
You are either ignoring, subconsciously getting into debt or reducing your life needs
You are losing your little savings by investing into things that you have no control over (crypto, stock markets etc) or things that require abit of time to yield – the time of inflation is not the time to invest in uncertainties or long terms yields.
You become very religious and stay in your shaky and unimpressive shell while inflation batters us of your little earnings.
You adapt to suffering and hope that someday you will get some magic money, or earn more to improve your personal economy.
You lose strategic thinking on how to make the best investment in yourself which can mitigate against the present inflation.
The Help You Need
Clearly the help you need is to help yourself first. You cannot use the same value level to earn more in this inflation. The easiest hack to improving your value is by building and polishing your communication skills so you can become confident, persuasive, authentic, impressive, effective and powerful.
These attributes improve your earning power and gives you an upward trajectory for your life, your business and your profits. The best investment during an inflation is an investment in yourself.
Warren Buffet while discussing with students of the Colombia Business School emphasized the importance of communication in giving you an edge in life and business.
Watch Warren Buffet’s Expert Opinion
What This Help
You cannot push this help away. The IMF and World Bank has told us that this inflation will get more forceful. To register right now, we have slashed our fees from $100 USD to $25 USD. This is the best bargain you will ever get to improve your life.
This help is globally accessible because inflation has become a global citizen (It is biting hard in Africa, the US, in the EU and in Asia). This help is coming through a platform called Certified Speaking.
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