The impact of the new crown epidemic on the global economy is relatively far-reaching. According to the International Monetary Fund (IMF), the global economic growth rate reached 5.7 per cent in 2021, the highest rate since the Second World War. However, this growth rate is not evenly distributed, with some countries and regions growing at rates higher than the global average and others growing at rates lower than the global average. According to the International Monetary Fund (IMF), the global economic growth rate is projected to decrease to 3.3 per cent in 2022.
The new crown epidemic has also had a significant impact on global unemployment. According to the IMF, the global unemployment rate is 5.9 per cent in 2020, up from 5.2 per cent in 2019. However, the rise in unemployment has not been evenly distributed, with some countries and regions experiencing a significant rise in unemployment while others have seen no significant change.
The new crown epidemic has also had an impact on global inflation rates. According to the IMF, global inflation stands at 1.9 per cent in 2020, down from 2.6 per cent in 2019. However, changes in inflation rates were not evenly distributed, with some countries and regions experiencing significant declines in inflation rates while others experienced increases.