IMF To 'Substantially' Cut Global Growth Outlook At It's Next Update

IMF to Cut Global Growth Outlook ‘Substantially’ at Next Review  

Bloomberg: IMF to Cut Global Growth Outlook ‘Substantially’ at Next Review 

The International Monetary Fund will cut its global economic growth outlook “substantially” in its next update, as finance chiefs grapple with a shrinking list of options to address the worsening risks. 

Surging food and energy prices, slowing capital flows to emerging markets, the ongoing pandemic and a slowdown in China make it “much more challenging” for policymakers, Ceyla Pazarbasioglu, the IMF’s director for strategy, policy and review, said at a Sunday panel in Bali, Indonesia. “It’s shock after shock after shock which are really hitting the global economy.” 

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Update #1: IMF chief sees 'exceptionally uncertain' global outlook, deteriorating debt situation (Reuters)  

Update #2: IMF to 'substantially' cut global growth outlook — Bloomberg (RT)  

WNU Editor: The energy crisis in Europe and the possibility of a Russian natural gas cut-off is the main worry.