IMF predicts weak global growth due to financial system tremors and banking troubles.
TL;DR Summary
The International Monetary Fund (IMF) has warned that a painful slowdown, including a recession, has become a bigger risk for the global economy amid concerns about the global banking system and rising interest rates. The IMF has lowered its growth forecast for 2023 to 2.8% from 2.9% in January, and growth for the year is expected to be much slower than predicted a year ago. The IMF and the World Bank have both raised alarms in recent weeks that the global economy is facing a period of extended stagnation.
- I.M.F. Lowers Growth Outlook Amid Financial System Tremors The New York Times
- Live: IMF and World Bank release Global Financial Stability Report The Independent
- IMF cuts GDP forecasts, says global economy heading for weakest growth since 1990 CNBC
- UK to be one of worst performing economies this year, predicts IMF BBC
- IMF Says Banking Troubles Create Headwinds for Global Economy The Wall Street Journal
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