IMF raises red flags for global growth
Fund warns of global fragmentation as it cuts growth forecast and predicts higher inflation
The International Monetary Fund’s April World Economic Outlook painted a grim picture, alluding to “a more permanent fragmentation of the world economy”, as the impact of Russia’s invasion of Ukraine spreads through the global system.
“Like seismic waves, the war’s effects will propagate far and wide – through commodity markets, trade and financial linkages,” said Pierre-Olivier Gourinchas, chief economist of the IMF.
The fund cut its global economic growth projection for 2022 by 0.8
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