IMF Says U.S. And China Slowdowns Will Hold Back Global Growth

  

CNBC: IMF cuts 2022 global growth forecast as U.S., China recovery wanes 

* The International Monetary Fund has downgraded its 2022 global growth forecast to 4.4%. 

* In its World Economic Outlook report, published Tuesday, the IMF said it expects global gross domestic product to grow 0.5 percentage points less than previously estimated. 

* The revised outlook is largely due to growth markdowns in the world’s two largest economies; the U.S. and China. 

The International Monetary Fund has downgraded its global growth forecast for this year as rising Covid-19 cases, supply chain disruptions and higher inflation hamper economic recovery. 

In its delayed World Economic Outlook report, published Tuesday, the IMF said it expects global gross domestic product to weaken from 5.9% in 2021 to 4.4% in 2022 — with this year’s figure being half a percentage point lower than previously estimated. 

“The global economy enters 2022 in a weaker position than previously expected,” the report noted, highlighting “downside surprises” such as the emergence of the omicron Covid variant, and subsequent market volatility, since its October forecast. 

The revised outlook is led by growth markdowns in the world’s two largest economies; the U.S. and China. 

Read more .... 

 IMF Says U.S. And China Slowdowns Will Hold Back Global Growth 

IMF slashes global growth outlook amid Omicron hit -- France 24 

IMF cuts 2022 economic growth outlook amid inflation -- DW 

I.M.F. Forecasts U.S. and China Slowdowns Will Hold Back Growth -- New York Times  

Omicron leads IMF to cut global economic forecast -- from about 6% to 4.4% -- for 2022 -- UPI  

Inflation and Omicron will dent world growth in 2022, says IMF -- The Guardian 

Recovery disrupted: IMF cuts global economic growth forecast -- Al Jazeera  

IMF lowers expectations for global growth as US, China downshift -- Yahoo News

from War News Updates https://ift.tt/3IF8EgW
via IFTTT