Tag Archives: IMF cuts global growth outlook

WASHINGTON: Surging inflation and severe slowdowns in the United States and China prompted the IMF on Tuesday to downgrade its outlook for the global economy this year and next, while warning that the situation could get much worse. “The outlook has darkened significantly since April,” said IMF chief economist Pierre-Olivier Gourinchas. “The world may soon be teetering on the edge …

WASHINGTON: Surging inflation and severe slowdowns in the United States and China prompted the IMF on Tuesday to downgrade its outlook for the global economy this year and next, while warning that the situation could get much worse. “The outlook has darkened significantly since April,” said IMF chief economist Pierre-Olivier Gourinchas. “The world may soon be teetering on the edge …