The IMF says it will cut its global growth outlook again
In April, the International Monetary Fund (IMF) cut its global growth forecast to 3.6% for this year and next, warning that the global economic outlook could get worse from there. Now, the IMF is looking to make another cut later this month for both 2022 and 2023.
The outlook has “darkened significantly,” wrote Kristalina Georgieva, the managing director of the IMF, in a blog published July 13. She did not provide specific figures.