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‘Seismic waves’: IMF cuts global growth forecast over Russia war

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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.

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Category
World
Tags
2022 global growth forecast, IMF, International Monetary Fund
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