WASHINGTON: The International Monetary Fund (IMF) said the risks to the bank’s updated economic outlook are heavily leaning downward especially amid prospects of a prolonged conflict in Ukraine, inability to rein in inflation and geopolitical fragmentation, reported Sputnik.The IMF, in its updated World Economic Outlook (WEO) released on Tuesday, projected that global growth will slow to 3.2 per cent in 2022, 0.4 per cent lower than April’s outlook. In 2023, the IMF projects global growth to be 2.9 per cent, 0.7 percentage points lower than its previous forecast.“The risks to the outlook are overwhelmingly tilted to the downside,“ the IMF said in the report. “A plausible alternative scenari
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