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Breaking news: The IMF has slashed its global growth forecasts and raised its projections for inflation, warning that the risks to the economic outlook are ‘overwhelmingly tilted to the downside’ https://t.co/zcRxxNGozc pic.twitter.com/wVXsR8Vby3
— Financial Times (@FinancialTimes) July 26, 2022
In light of further declines in Russia's energy supplies, the @IMFNews breaks down what an even sharper drop in the country's oil and gas exports -- including a full cessation to Europe -- will mean for global growth/inflation. Graphic by @theboysmithy https://t.co/mqBLSWOviP pic.twitter.com/Ni38q5NrBp
— Colby Smith (@colbyLsmith) July 26, 2022
IMF slashes global growth forecast and raises inflation projections https://t.co/L8IBhzJygp
— John Reed (@JohnReedwrites) July 26, 2022
IMF slashes global growth forecast and raises inflation projections https://t.co/EKLC4eshhk
— Financial Times (@FT) July 26, 2022
IMF slashes global growth forecast and raises inflation projections https://t.co/K8H74iEa5v
— Nouriel Roubini (@Nouriel) July 26, 2022
Speaking w/ @FinancialTimes, @pogourinchas of @IMFNews warns slower growth/higher inflation will test the "mettle" of central banks: "We are in a very critical moment here...It’s much harder to reduce inflation when the economy is close to a recession" https://t.co/mqBLSWOviP
— Colby Smith (@colbyLsmith) July 26, 2022
IMF slashes global growth forecast and raises inflation projections https://t.co/1SvUHT5SVi
— FT Economics (@fteconomics) July 26, 2022
Real GDP growth in the US of only 0.6% is expected on a YoY basis in 4Q 2023, meaning "it doesn’t take much to knock the economy off into something that you might call a technical recession," @pogourinchas tells @FinancialTimes https://t.co/mqBLSWOviP @theboysmithy pic.twitter.com/Pa9OQvVgYO
— Colby Smith (@colbyLsmith) July 26, 2022
IMF Chief Economist:
— nixon apple (@nixon_apple) July 27, 2022
“It’s easy to cool off the economy when the economy is running hot. It’s much harder to reduce inflation when the economy is close to a recession.”
IMF slashes global growth forecast and raises inflation projections https://t.co/ifoPsn1vac
IMF warns global economy teetering on brink of recession as it slashes growth outlook https://t.co/GMb0fT6A8L
— Jules (@julievriahi) July 26, 2022