Money Talks

IMF slashes global growth forecast, sees rising risk of recession


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The war in Ukraine, lockdowns in China, and rising consumer prices are threatening to push the global economy to the brink of a recession. That's according to the International Monetary Fund's updated World Economic Outlook released this week. According to the lender, global economic growth will slow this year to 3.2%. It's a downgrade from the Fund's projection in April, and much lower than last year's expansion of more than 6%.
For more on global economy, we spoke to David Madden, who is a market analyst at Equiti Capital in London.
#IMF #GlobalEconomy #GrowthProspects
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