Uncategorized, News

IMF DOWNGRADES GROWTH FORECAST FOR 2022 TO 3.6%

The International Monetary Fund (IMF) downgraded its global growth forecast for 2022 to 3.6 percent, according to a newly released update to its World Economic Outlook report.

IMF


Ukraine’s economy will collapse 35 percent this year while Russia will fall 8.5 percent, the IMF said.

Inflation is now projected to remain elevated for much longer than in the IMF’s previous forecast, it mentioned.

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