DW: IMF lowers growth forecast, warns of global 'recession'
The International Monetary Fund (IMF) has cut its global growth forecast to 3.2% amid high inflation and the war in Ukraine, and warned the world could be "teetering on the edge of global recession."
In an update to its global growth forecast Tuesday, the International Monetary Fund (IMF) warned of risks to the global economy, which if left unchecked, could push the world into a recession.
High inflation and the risks posed by Russia's invasion of Ukraine are responsible for placing the global economy in peril, the IMF said, adding that "worst case" scenarios are possible.
In a statement, IMF Chief Economist Pierre-Olivier Gourinchas said, "the world may soon be teetering on the edge of a global recession, only two years after the last one."
Gourinchas added that the the current environment suggests that the "likelihood that the US economy can avoid a recession" is "quite narrow."
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WNU Editor: We will know on Thursday if the U.S. is "officially" in a recession when the latest GDP numbers are released.
IMF Says World Is 'Teetering' On The Edge Of A Global Recession
IMF cuts global growth outlook, warns high inflation threatens recession -- Reuters
IMF Cuts Global Growth Outlook Due To US, China Slowdowns -- AFP
IMF says global economy is edging towards recession -- The Guardian
IMF slashes global GDP forecast as economic outlook grows ‘gloomy and more uncertain’ -- CNBC
IMF Cuts World GDP Outlook a Third Time as Inflation, Rates Jump -- Bloomberg
'Edge of a global recession': IMF slashes world economic forecast again -- CNN
IMF warns global economy teetering on brink of recession as it slashes growth outlook -- FOX News
World is 'Teetering' on Edge of Global Recession, IMF Says -- Newsweek
IMF slashes forecasts for global economy in "gloomy" outlook -- Axios
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