‘Seismic waves’: IMF cuts global growth forecast over Russia war
The International Monetary Fund slashed its forecast for global economic growth by nearly a full percentage point citing Russia’s war in Ukraine, and warned inflation was now a “clear and present danger” for many countries. The war is expected to further increase inflation, the IMF said on Tuesday in its latest World Economic Outlook, warning a further tightening of Western sanctions on Russia to target energy exports would cause another major drop in global output. he IMF said other risks include a sharper-than-expected deceleration in China prompted by a flare-up of COVID-19 lockdowns. Al Jazeera’s Shihab Rattansi reports from Washington, DC. – Subscribe to our channel: http://aje.io/AJSubscribe – Follow us on Twitter: https://twitter.com/AJEnglish – Find us on Facebook: https://www.facebook.com/aljazeera – Check our website: https://www.aljazeera.com/ #IMF #IMFspringmeeing #AljazeeraEnglish
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