Tag: Global growth

IMF Lowers 2023 Global Growth From 3.6% In April To 2.8%.
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IMF Lowers 2023 Global Growth From 3.6% In April To 2.8%.

The International Monetary Fund has warned that the global economy is facing a "serious" risk of recession. The IMF has cut its global growth forecast for 2023 to 2.8%, down from 3.6% in April. Yes, the IMF has warned that the global economy is facing a "serious" risk of recession. The IMF has cut its global growth forecast for 2023 to 2.8%, down from 3.6% in April. This is the weakest growth forecast since 2001, except for the global financial crisis and the acute phase of the COVID-19 pandemic. The IMF's warning is based on a number of factors, including the war in Ukraine, high inflation, and rising interest rates. The war in Ukraine has caused a sharp increase in energy and food prices, which is putting a strain on household budgets and businesses. High inflation is also eroding...