IMF Says ‘The Worst Is Yet To Come' For The Global Economy

 

CNBC: IMF cuts global growth forecast for next year, warns ‘the worst is yet to come’ 

* The International Monetary Fund predicts global growth will slow to 2.7% in 2023. 

* “The worst is yet to come, and for many people 2023 will feel like a recession,” the report reads. 

* Its GDP estimate for this year remained steady at 3.2%, which was down from the 6% seen in 2021. 

The International Monetary Fund predicts global growth will slow to 2.7% next year, 0.2 percentage point lower than its July forecast, and anticipates 2023 will feel like a recession for millions around the world. 

Aside from the global financial crisis and the peak of the Covid-19 pandemic, this is “the weakest growth profile since 2001,” the IMF said in its World Economic Outlook published Tuesday. 

Its GDP estimate for this year remained steady at 3.2%, which was down from the 6% seen in 2021. 

Read more .... 

IMF Says ‘The Worst Is Yet To Come' For The Global Economy 

'The worst is yet to come': IMF cuts global and euro area growth outlook -- Euronews  

‘The worst is yet to come’: IMF issues stark recession warning -- CNN  

'The worst is yet to come': IMF says 2023 will 'feel like a recession' -- SKY News 

IMF downgrades global economy outlook for 2023 -- AP

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