The IMF says it will cut its global growth outlook again ...Middle East

Quartz - Economy

In April, the International Monetary Fund (IMF) cut its global growth forecast to 3.6% for this year and next, warning that the global economic outlook could get worse from there. Now, the IMF is looking to make another cut later this month for both 2022 and 2023.The outlook has “darkened significantly,” wrote Kristalina Georgieva, the managing director of the IMF, in a blog published July 13. She did not provide specific figures. So why is the IMF reconsidering its growth prediction? Global events like the Russia-Ukraine war and the pandemic continue to hurt supply chains. That in turn drives up prices and boosts inflation, which is pushing poorer countries further into debt. The continued

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The IMF says it will cut its global growth outlook again ...Middle East

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