IMF also warns on inflation as its global consumer price gauge looks likely to rise to highest since 1996
Ana Monteiro and Eric Martin
Global economic expansion will probably slow to 3.2% this year, less than the 3.6% forecast by the fund in April and the 4.4% seen in January, the IMF said in an update to its World Economic Outlook released on Tuesday. “The outlook has darkened significantly since April. The world may soon be teetering on the edge of a global recession, only two years after the last one,” Pierre-Olivier Gourinchas, the IMF’s chief economist, said in a blog accompanying the release of the update.
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