IMF to cut global growth forecast 'substantially'

IMF to cut global growth forecast 'substantially'
Ships wait at anchor off Singapore. The world economy faces slower growth. (Image: Getty)
Bloomberg
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...

More Bloomberg

The US$147b green hydrogen bubble that BP helped burst
Energy

The US$147b green hydrogen bubble that BP helped burst

Australia’s hydrogen dreams risk being left in tatters.

Bloomberg 04 Aug 2025
Starbucks fleshes out its healthier menu
The Life

Starbucks fleshes out its healthier menu

As the chain builds out its new menu, sugar is a key area of focus.

Bloomberg 03 Aug 2025
Even nuclear experts are at a loss right now
Bloomberg Opinion

Even nuclear experts are at a loss right now

Much divides the US, China and Russia's leaders, and indeed, humanity.

Bloomberg 02 Aug 2025