News Snapshot:
The International Monetary Fund slashed its world growth forecast by the most since the early months of the Covid-19 pandemic, and projected even faster inflation, after Russia invaded Ukraine and China renewed virus lockdowns. Global expansion will slow to 3.6 per cent in 2022, down from a forecast of 4.4 per cent in January before the war, the IMF said in an update to its World Economic Outlook released on Tuesday. That compares with 6.1 per cent growth in 2021. The institution also lowered its projection for 2023 to 3.6 per cent from a prior 3.8 per cent. The fund...
