The October 2022 “World Economic Outlook” from the International Monetary Fund is titled “Countering the Cost-of-living Crisis.” The report describes the combined impact on the global economy of inflation, Russia’s invasion of Ukraine, and the lingering effects of Covid-19.
It concludes the economy worldwide is facing a broad-based slowdown. —
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Concerns about inflation and rising interest rates are the top risk to respondents’ home economies, followed by erratic energy prices, geopolitical unrest, and armed conflicts.
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