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IMF Cuts Global Economic Growth Forecast To 4.4%
The International Monetary Fund on Tuesday warned that the global economy might not grow at the pace it was previously predicted due to slow recoveries in the United States and China. IMF’s latest World Economic Outlook shows a downshift in global economic growth from 5.9% in 2021 to 4.4% this year as opposed to what…
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IMF Revises Global Economy Growth Forcast To 5.9%
The International Monetary Fund has reduced its headline forecast for global economic growth this year by 0.1 percent to 5.9 percent while leaving its projections for 2022 unchanged at 4.9 percent. IMF’s latest outlook released on Tuesday showed that global economy had not recovered from last year’s COVID-19 disruption, stating the “dangerous divergence” between richer…