economy
War and Covid: how to survive the double whammy
The IMF paints a dismal picture of global prospects in the wake of the Russia-Ukraine war: inflation is rising, growth is slowing, economic risks have risen sharply, and the policy trade-offs have become even more challenging
28 April 2022 - 05:00
The global recovery has been severely set back by the Russia-Ukraine war. Not only will the economic damage from the conflict contribute to a significant slowdown in global growth in 2022, inflation will remain elevated for longer and poses a real danger to many countries.
This is the bleak assessment of global prospects by the International Monetary Fund (IMF) in its April “World Economic Outlook” report, released last week...
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