News > IMF cuts global growth forecasts, warns high inflation threatens recession

IMF cuts global growth forecasts, warns high inflation threatens recession

The Hindu | 26/07/2022 10:28 PM | Click to read full article

The International Monetary Fund cut global growth forecasts again on July 26, warning that downside risks from high inflation and the Ukraine war were materializing and could push the world economy to the brink of recession if left unchecked.

It added that world GDP actually contracted in the second quarter due to downturns in China and Russia.