IMF Cuts Growth Outlook, Flags Rising Global Economic Risks

24.10.22

The International Monetary Fund has reduced its global growth forecast for next year to 3.2%, citing increasing risks from wars and trade protectionism. While crediting central banks for managing inflation without causing recessions, the IMF warns of growing uncertainties in the global economy, including geopolitical risks and potential trade disruptions. The fund emphasizes that current growth levels are insufficient to address poverty reduction and climate change challenges.

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