The International Monetary Fund cut its global growth forecast for 2022 due to slowing economic recovery in the US and China as well as the rise in COVID-19 cases and lingering disruptions in the supply chain.
Global GDP, which reached 5.9% last year, has been revised downward to 4.4% this year, the IMF said in its World Economic Outlook report, which was published on Tuesday.
In the fall, the IMF projected that global GDP growth in 2022 would reach 4.9%.
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