Omicron variant’s depressing impact on growth won’t last long, WEO says
iStockphoto The International Monetary Fund has cuts its forecast for global economic growth this year due to weaker outlooks for China and the United States.
In an updated World Economic Outlook released Tuesday, the IMF now sees global growth of 4.4% this year – down five-tenths from its forecast in October — followed by a slowdown to 3.8% in 2023. The global economy grew an estimated 5.9% in 2021.The IMF slashed its U.S. growth estimate by 1.2 percentage points to 4% this year. And the international financial […]
Click here to visit source. www.marketwatch.com