The International Monetary Fund on Tuesday said global economic growth will slow considerably this year and issued a fresh warning that a number of risks threaten to push the global economy to the brink of a recession.
Why it matters: However grim the economic picture was earlier this year, the outlook now is decidedly worse for the global economy. In new projections, the fund now expects the world will face a dreaded stagflationary mix: considerably slower global growth, with higher inflation rates, for a sustained period.
