The IMF lowered the global economic growth outlook and reduced the global economic growth forecast in 2022 from 4.4% to 3.6%; Reduce the global economic growth forecast for 2023 from 3.8% to 3.6%. Inflation in developed economies is expected to be 5.7% in 2022, 1.8 percentage points higher than the forecast in January. The IMF warned that if the West still does not lift sanctions against Russia and more widely crack down on Russian energy exports after the conflict between Russia and Ukraine stops, global economic growth may slow down further and inflation will be higher than expected. In addition, the IMF global financial stability report pointed out that many countries may need to raise interest rates to "much higher" neutral levels to combat inflation.
OPEC + March report shows that OPEC + March's daily output is 1.45 million barrels lower than the target; The implementation rate of production reduction increased from 132% in February to 157% in March. Among them, the daily output of Russia decreased to 10.018 million barrels in March, 313000 barrels less than the OPEC + target daily output.
Chicago Fed Evans said he was satisfied with the path of raising interest rates this year, including two interest rate increases of 50 basis points. It is expected that the interest rate will rise to 2.25% - 2.5% by the end of the year. There is no need for the fed to raise interest rates by more than 50 basis points. If inflation remains high, the Fed will raise interest rates above neutral interest rates.
The national development and Reform Commission said that it closely followed the trend of commodity market and price, and continued to strengthen monitoring and analysis; Effectively guarantee market supply, accelerate the release of high-quality production capacity, strengthen the coordination and linkage of price and reserve policies, and give play to the role of reserve regulation. Strengthen market expectation guidance, timely release market information, strengthen market supervision, and resolutely curb excessive speculation.
Wu Liang, deputy director of the disease control bureau of the National Health Commission, said that recently, the national epidemic situation has gradually stabilized, but the impact of cross input between regions is obvious, and the task of "dynamic zeroing" around the country is very arduous. Mi Feng, spokesman of the National Health Commission, said that we should continue to adhere to external defense input and internal defense rebound, adhere to scientific, accurate and dynamic zeroing, and do not hesitate or waver.
According to the Ministry of transport, the first meeting of the General Commander (plenary) of the leading group for logistics and smooth transportation of the State Council was held. The meeting stressed the need to work together to rectify the problem of excessive prevention and control and make every effort to ensure the smooth and orderly traffic network. We should jointly pay attention to the accurate control of vehicle traffic and make every effort to improve the operation efficiency of freight logistics. According to the official website of the national development and Reform Commission, the next step will be to strengthen the rescue of enterprises. On the basis of accurately implementing epidemic prevention and control measures, we will spare no effort to ensure smooth logistics; We will effectively strengthen the supply and price stability of important livelihood commodities.
Russia stepped up its attack on eastern Ukraine on Tuesday, seizing a front-line city and hoping to win a decisive victory in Mariupol, prompting Western governments to promise to provide more weapons to Ukraine and increase sanctions against Russia. Ukraine said the new attack led Russia to occupy kriminna, the administrative center of Lugansk, one of the two provinces in the Donbas region. Russian Foreign Minister Sergei Lavrov confirmed that "another stage of action has begun".
