The IMF cut its global growth forecast for 2022 because of the Ukraine war, but some countries are affected worse than others.
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The International Monetary Fund on Tuesday cut its global growth projections for 2022 and 2023, saying the economic hit from Russia’s unprovoked invasion of Ukraine will “propagate far and wide.”
That said, some countries will be hit more than others — and some won’t be hit at all.
What follow are the new 2022 IMF forecasts for real GDP for selected countries in Asia, Europe and the Americas.
IMF 2022 growth projections
| Country | 2022 real GDP forecast |
|---|---|
| India | 8.2% |
| Saudi Arabia | 7.6% |
| Spain | 4.8% |
| China | 4.4% |
| Australia | 4.2% |
| UAE | 4.2% |
| Singapore | 4.0% |
| Canada | 3.9% |
| United States | 3.7% |
| United Kingdom | 3.7% |
| Nigeria | 3.4% |
| France | 2.9% |
| South Korea | 2.5% |
| Japan | 2.4% |
| Italy | 2.3% |
| Germany | 2.1% |
| Mexico | 2.0% |
| South Africa | 1.9% |
| Brazil | 0.8% |
| Russia | -8.5% |
| Ukraine | -35.0% |
A full copy of the IMF report is available for download here.
— CNBC’s Silvia Amaro contributed to this report.
