IMF cuts global growth forecasts on Russia-Ukraine war
The International Monetary Fund has cut its global growth projections for this year and the next as the economic hit from Russia’s unprovoked invasion of Ukraine will “propagate far and wide.”
The Washington-based institution is now projecting a 3.6% gross domestic product rate for the global economy this year and for 2023. This represents a 0.8 and 0.2 percentage point drop, respectively, from forecasts presented in January.
The Fund has forecast an even bleaker assessment for the Ukrainian economy.
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https://www.cnbc.com/2022/04/19/russia-ukraine-live-updates…