News Snapshot:
The International Monetary Fund offered a gloomy outlook for the global economy which is facing growing risks and teetering on the edge of recession - Copyright AFP Asif HASSAN Heather SCOTT Surging inflation and severe slowdowns in the United States and China prompted the IMF Tuesday to downgrade its outlook for the global economy this year and next, while warning that the situation could get much worse. “The outlook has darkened significantly since April,” said IMF chief economist Pierre-Olivier Gourinchas. “The world may soon be teetering on the edge of a global recession, only two years after the last one.”...
