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News Forum - IMF says world economy about to hit recession

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The International Monetary Fund is warning the world economy will be in a recession as it downgraded global growth projections for next year. The IMF warned policymakers that a worldwide recession will occur if the fight against inflation is mishandled. The IMF’s bleak assessment comes after reviewing the World Economic Outlook report. According to The Straits Times, the report was published as the world’s top economic officials came to Washington for the annual meeting of the IMF and World Bank. As the war between Russia and Ukraine has disrupted supply chains and led to surges in food and energy prices […]

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