IMF Cuts Global GDP Forecasts

FILE PHOTO: International Monetary Fund logo is seen outside the headquarters building  

CNBC: IMF cuts GDP forecasts, says global economy heading for weakest growth since 1990 

* The IMF said that five years from now, global growth is expected to be around 3% — the lowest medium-term forecast in a World Economic Outlook for over 30 years. 

* In the short term, the fund expects global growth of 2.8% this year and 3% in 2024, slightly below the fund’s estimates published in January. 

* The IMF said that its baseline forecast “assumes that the recent financial sector stresses are contained.” 

The International Monetary Fund on Tuesday released its weakest global growth expectations for the medium term in more than 30 years. 

The D.C.-based institution said that five years from now, global growth is expected to be around 3% — the lowest medium-term forecast in an IMF World Economic Outlook since 1990.  

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IMF Cuts Global GDP Forecasts  

IMF warns deeper financial turmoil would slam global growth -- Reuters  

IMF: Banking crisis boosts risks and dims outlook for world economy -- CNN  

IMF Lowers 2023 Global GDP Growth Forecast to 2.8% -- Bloomberg

'Turbulence is building': IMF warns of 'hard landing' for global economy -- Politico