Bloomberg

IMF to cut global growth forecast 'substantially'

Bloomberg
Tue, 19 Jul 2022

IMF to cut global growth forecast 'substantially'
Ships wait at anchor off Singapore. The world economy faces slower growth. (Image: Getty)
Bloomberg
Tue, 19 Jul 2022
By Yudith Ho and Michelle Jamrisko The International Monetary Fund will cut its global economic growth outlook “substantially” in its next update, as finance chiefs grapple with a shrinking list of options to address the worsening risks.Surging food and energy prices, slowing capital flows to emerging markets, the ongoing pandemic and a slowdown in China make it “much more challenging” for policymakers, Ceyla Pazarbasioglu, the IMF’s director for strategy, policy and review, said at a Sunday panel in Bali, Ind...

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