Economics
IMF Cuts 2022 World Economic-Growth Forecast to 4.4% on Weaker U.S., China Outlooks
- U.S. downgraded on Biden agenda setback, China on real estate
- Inflation expected to persist for longer than previously seen
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The International Monetary Fund cut its world economic growth forecast for 2022 as the Covid-19 pandemic enters its third year, citing weaker prospects for the U.S. and China along with persistent inflation.