IMF issues warning, cuts global forecast

By Agence France-Presse

Apr 13, 2023 12:48 am

THE International Monetary Fund (IMF) slightly lowered its outlook for the global economy on Tuesday but predicted that most countries would avoid a recession this year despite economic worries and geopolitical strains.

Concerns over high inflation, rising geopolitical tensions and financial stability hang over the updated forecasts, with the impact of war in Ukraine continuing to dampen growth and drive up consumer prices in many countries.

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