Global economic growth outlook "gloomier", says IMF ahead of G20 summit
Shortpedia
Content Team
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High-frequency indicators confirm that the global economic growth outlook is "gloomier", said the IMF ahead of the G20 summit in Indonesia, citing a steady worsening in purchasing managers indices that are tracking a range of G20 economies. The global economy has weakened particularly due to three key factors - persistently high and broad-based inflation, the weak growth momentum in China, and Russia's invasion of Ukraine.
