IMF cuts global growth forecast to 3.6%
The International Monetary Fund on Tuesday downgraded the outlook for the world economy this year and next year, blaming Russia’s war in Ukraine for disrupting global commerce, pushing up oil prices, threatening food supplies and increasing uncertainty already heightened by the coronavirus and its variants. The 190-country lender cut its forecast for global growth to 3.6% this year, a steep falloff from 6.1% last year and from the 4.4% growth it had expected for 2022 back in January. It also said it expects the world economy to grow 3.6% again next year, slightly slower than the 3.8% it forecast in … Continue reading IMF cuts global growth forecast to 3.6%