IMF warns of cutting global growth forecast again with ‘darkened’ outlook
International Monetary Fund (IMF) warned it will again slash down the global economic forecast as the impacts of Russia’s invasion of Ukraine, pandemic-related shutdowns in China and higher inflation are slowing down the growth
By Arghyadeep Dutta
Published - Jul 13, 2022, 04:07 PM ET
Last Updated - Mar 11, 2024, 10:49 AM EDT
• Risks and crises have intensified since April downgrade
The International Monetary Fund (IMF) warned it will again slash down the global economic forecast as the impacts of Russia’s invasion of Ukraine, pandemic-related shutdowns in China and higher inflation are slowing down the growth.
The outlook for this year and next will be downgraded later this month when the IMF will release its World Economic Outlook Update, Managing Director Kristalina Georgieva wrote in a blog post published Wednesday.
“The outlook remains extremely uncertain,” she wrote. “It is going to be a tough 2022 — and possibly an even tougher 2023, with increased risk of recession.”
