Statsguru: Six charts explain IMF's warning on the global economy

The cost of borrowing is going up for emerging markets and budget constraints are increasingly making their effects felt

The latest International Monetary Fund’s (IMF’s) projections suggest a shrinking differential between Indian and global growth.

The IMF has downgraded growth estimates for India from 7.4 per to 6.8 per cent for 2022 in its October World Economic Outlook report. Global growth is expected to be at 3.2 per cent, the same as its July projection. The overall number for emerging and developing economies is slightly better than before (chart 1).

Inflation numbers are worse elsewhere. Indian numbers are higher than the other emerging and developing Asian markets. Europe, Latin America, and the Caribbean are dealing with double-digit inflation (chart