Obstacle course: IMF slashes global growth outlook amid Omicron hit


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Tthe International Monetary Fund (IMF) headquarters warned in its latest forecasts of the risks to the global recovery and the need to escape the grip of the pandemic / © AFP/File The Omicron variant of Covid-19 is creating an obstacle course for the global economy, which will slow growth this year, notably in the world's two largest economies, the IMF said Tuesday. The Washington-based crisis lender cut its world GDP forecast for 2022 to 4.4 percent, half a point lower than the October estimate, due to the "impediments" caused by the latest outbreak, although those are expected to begin to...