IMF trims global growth outlook, warning of supply disruptions and surging inflation

Surging inflation and supply chain disruptions are hampering the global economic recovery from the coronavirus pandemic, the International Monetary Fund warned on Tuesday.

The Washington-based IMF projected in its latest World Economic Outlook that global domestic gross product will grow by 5.9% this – 0.1 percentage point lower than its July estimate. The IMF expects global growth to remain at 4.9% next year.