Worldwide Financial Fund Managing Director Kristalina Georgieva speaks earlier than introducing a panel dialogue on the 2022 Annual Conferences of the Worldwide Financial Fund and World Financial institution Group, Monday, Oct. 10, 2022, in Washington. (AP Picture)
The Worldwide Financial Fund (IMF) downgrades its outlook for the worldwide economic system for 2023, citing an extended listing of threats that embrace Russia’s warfare on Ukraine, power inflationary pressures, punitive rates of interest and the aftermath persistence of the worldwide pandemic.
The 190-country lending company predicts the worldwide economic system will submit development of simply 2.7% subsequent yr, down from 2.9% it estimated in July. The IMF left unchanged its forecast for worldwide development this yr – a modest 3.2%, a pointy deceleration from final yr’s 6% growth. / PA
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