Financial institution cites surging food and energy prices, slowing capital flows to emerging markets, the ongoing pandemic and a slowdown in China
The IMF will cut its global economic growth outlook “substantially” in its next update, as finance chiefs grapple with a shrinking list of options to address the worsening risks.
She spoke after the Group of 20 finance ministers and central bank governors ended their meeting on Saturday without reaching a communique, underlining the difficulty in co-ordinating a global response to surging inflation and recessionary fears. Central bankers worldwide are finding it tough to find the right response to price increases that are driven by supply issues.
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