The International Monetary Fund plans to cut its global economic growth forecast for later in July, managing director Kristalina Georgieva wrote in a blog post Wednesday.
She cited previous concerns over "downside risks" that have worsened since the last G20 meeting in April - when the IMF had already cut its growth forecast to 3.6% - including the ongoing war in Ukraine, 41-year high inflation and the reverberations from COVID-19 lockdowns in China as driving the need to lower expectations...
Image by Gerd Altmann from Pixabay