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The International Monetary Fund (IMF) sounded the loudest siren yet that the global economy was teetering on the edge of a recession last week, with the impact of the Ukraine war and Covid-19 continuing to stall growth in the U.S., China and Europe.
The IMF slashed its 2022 global growth forecast by 0.4% to 3.2%. Inflation, and the resulting slowdown, is predicted to continue in 2023, when economic global growth is now forecast to be 2.9%,
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