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The dollar’s value is at its highest level since 2000. It has appreciated 22% against the yen, 13% against the euro & 6% against emerging market currencies since January. @GitaGopinath & I just published a #IMFBlog on how countries should respond. bit.ly/3yGyrCV (1/9) 
Even though the appreciation is lower in emerging markets relative to advanced economies, the impact is larger, reflecting their higher import dependency & greater share of dollar-invoiced imports. bit.ly/3yGyrCV (2/9)
Several emerging markets and developing economies resorted to foreign exchange interventions to limit the depreciation of their currency.
bit.ly/3yGyrCV (3/9)
bit.ly/3yGyrCV (3/9)
IMF Growth Projections: 2022
USA🇺🇸: 3.7%
Germany🇩🇪: 2.1%
France🇫🇷: 2.9%
Italy🇮🇹: 2.3%
Spain🇪🇸: 4.8%
Japan🇯🇵: 3.3%
UK🇬🇧: 3.7%
Canada🇨🇦: 3.9%
China🇨🇳: 4.4%
India🇮🇳: 8.2%
Russia🇷🇺: -8.5%
Brazil🇧🇷: 0.8%
Mexico🇲🇽: 2.0%
KSA🇸🇦: 7.6%
Nigeria🇳🇬: 3.4%
RSA🇿🇦: 1.9%
IMF.org/WEO-apr22
USA🇺🇸: 3.7%
Germany🇩🇪: 2.1%
France🇫🇷: 2.9%
Italy🇮🇹: 2.3%
Spain🇪🇸: 4.8%
Japan🇯🇵: 3.3%
UK🇬🇧: 3.7%
Canada🇨🇦: 3.9%
China🇨🇳: 4.4%
India🇮🇳: 8.2%
Russia🇷🇺: -8.5%
Brazil🇧🇷: 0.8%
Mexico🇲🇽: 2.0%
KSA🇸🇦: 7.6%
Nigeria🇳🇬: 3.4%
RSA🇿🇦: 1.9%
IMF.org/WEO-apr22
What impact will the war in Ukraine have on the global economy? Read our latest #IMFBlog to find out. bit.ly/3jLipQB #WEO
Most emerging and developing countries are grappling with the economic fallout of the war and the long-term damage to their economies from the pandemic.The divergence that opened up in 2021 with advanced economies is expected to persist. bit.ly/3jLipQB #WEO
