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The Independent UK
The Independent UK
National
Paul Wiseman

IMF outlook worsens for a world economy left 'limping' by shocks like Russia's war

International Monetary Fund Economy Russia United States the International Monetary Fund Ukraine PierreOlivier Gourinchas Interest Rates
Copyright 2023 The Associated Press. All rights reserved.

The world economy is losing momentum in the face of higher interest rates, the ongoing war in Ukraine and widening geopolitical rifts, the International Monetary Fund warned Tuesday.

The IMF said it expects global economic growth to slow to 2.9% in 2024 from an expected 3% this year. The forecast for next year is down a notch from the 3% it predicted back in July.

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