IMF Says Global Economic Outlook Getting ‘Gloomier’, Risks Abound

[Epoch-Times-Bot]

IMF Says Global Economic Outlook Getting 'Gloomier', Risks Abound

WASHINGTON—The global economic outlook is even gloomier than projected last month, the International Monetary Fund said on Sunday, citing a steady worsening in purchasing manager surveys in recent months.
It blamed the darker outlook on tightening monetary policy triggered by persistently high and broad-based inflation, weak growth momentum in China, and ongoing supply disruptions and food insecurity caused by Ukraine’s conflict.
The global lender last month cut its global growth forecast for 2023 to 2.7 percent from a previous forecast of 2.9 percent.
In a blog prepared for a summit of G20 leaders in Indonesia, the IMF said recent high-frequency indicators “confirm that the outlook is gloomier,” particularly in Europe....

Source: IMF Says Global Economic Outlook Getting 'Gloomier', Risks Abound

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