IMF warns of sharp slowdown in global economy

Summary

The global economy is on track for a sharp downward trajectory, the International Monetary Fund (IMF) warned on Wednesday.  Global growth is projected to decline from 3.5 percent in 2025 to 3 percent in 2026 before climbing back up to 3.4 percent in 2027, according to a July update in the organization’s World Economic Outlook. …