The IMF is about to slash its global growth forecast for the 2nd time in 3 months as high inflation, China lockdowns, and war in Ukraine hammer economies

The International Monetary Fund plans to cut its global economic growth forecast for later in July, managing director Kristalina Georgieva wrote in a blog post Wednesday. 

She cited previous concerns over “downside risks” that have worsened since the last G20 meeting in April — when the IMF had already cut its growth forecast to 3.6% — including the ongoing war in Ukraine, 41-year high inflation and the reverberations from COVID-19 lockdowns in China as driving the need to lower expectations…

Image by Gerd Altmann from Pixabay 

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