IMF issues gloomy forecast for global economy ...News

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IMF issues gloomy forecast for global economy
Persistent inflation is expected to slow economic growth The International Monetary Fund has downgraded its forecast for the global economy, saying in its latest report compiled for the upcoming G20 summit that the “outlook is gloomier” than previously expected.  The IMF has been gradually slashing its forecast for global growth in 2023 since January, when it anticipated 3.8% growth. In October the fund lowered its projection from July’s posting of 2.9% to 2.7%, saying: “we expect countries accounting for more than one third of global output to contract during part of this year or next.”  Analysts have warned of a

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