IMF 'cannot rule out' global recession

By Andrea Shalal
Updated July 6 2022 - 11:06pm, first published 11:02pm
IMF chief Kristalina Georgieva said the fund will downgrade its 2022 forecast for 3.6 pct growth.

The outlook for the global economy has "darkened significantly" since April, with the head of the International Monetary Fund saying she could not rule out a possible global recession next year given the elevated risks.