International Monetary Fund Warns of ‘Darkening Global Outlook’ Amidst War and Inflation

**The International Monetary Fund (IMF) has issued a stark warning about the global economic outlook, citing the ongoing war in Ukraine and rising inflation as major threats to growth.**.

In its latest World Economic Outlook update, the IMF downgraded its global growth forecast for 2022 to 3.6%, down from its previous projection of 4.4%. The downgrade reflects the impact of the Ukraine war, which has disrupted global trade and energy markets, and the rising cost of living, which is eroding consumer spending and business investment..

**The IMF’s chief economist, Pierre-Olivier Gourinchas, described the current global outlook as .

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