Simon Ateba is Chief White House Correspondent for Today News Africa. Simon covers President Joe Biden, Vice President Kamala Harris, the U.S. government, the United Nations, the International Monetary Fund, the World Bank and other financial and international institutions in Washington D.C. and New York City.
The International Monetary Fund (IMF) released its updated World Economic Outlook (WEO) on Tuesday, concluding that the global economic growth has slowed from 6.1 percent last year to 3.2 percent in 2022, 0.4 percentage point lower than in April, amid higher-than-expected inflation, economic turbulence in China, COVID-19 pandemic and Russia’s war in Ukraine. IMF said a tentative recovery in 2021 has been followed by “increasingly gloomy developments in 2022.”
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