IMF to cut global growth forecast 'substantially'

Ships wait at anchor off Singapore. The world economy faces slower growth. (Image: Getty)

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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