IMF Cuts Forecast for Global Economic Growth
The International Monetary Fund has lowered its forecast for the global economy's growth this year, citing the spread of the omicron variant of the coronavirus as a notable factor.
In a quarterly update of its World Economic Outlook, the IMF predicted the global economy would expand 4.4% in 2022, lower than the 5.9% forecast one year ago and the 4.9% growth rate predicted in October.
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