Inflation and Omicron will dent world growth in 2022, says IMF
by Larry Elliott Economics editor from on (#5VCY6)
Global growth downgraded to 4.4% as body predicts especially marked slowdown for US and China
The International Monetary Fund has sharply cut its growth forecast for 2022 with a warning that higher-than-expected inflation and the Omicron variant have worsened the outlook for the global economy.
In a quarterly update to predictions made in October 2021, the IMF said it anticipated growth of 4.4% this year - down 0.5 percentage points - and emphasised the risks were of a weaker performance.
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