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IMF Cuts 2023 Global Growth Forecast, Citing Inflation, War and China Slowdown
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WASHINGTON—Global economic growth is likely to slow next year more than previously expected, the International Monetary Fund said, warning living conditions will worsen as soaring inflation harms people’s lives around the world.
The IMF attributed the weaker outlook primarily to the effects of inflation, Russia’s invasion of Ukraine and the slowdown in China brought on by frequent Covid-19 lockdowns and problems in its property sector.
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