Israel-Hamas war looms over slowing world economy

News Snapshot:

The outlook for the global economy is getting worse. International economic agencies are coalescing around slower growth projections after a year of interest rate hikes from central banks, even as the U.S. economy has so far defied a long-predicted downturn. The International Monetary Fund (IMF) on Tuesday said global growth will slow from 3.5 percent in 2022 to 3 percent in 2023 and 2.9 percent in 2024, a 0.1 percentage point downgrade for 2024 from the group’s July estimate. “Part of the slowdown is the result of the tighter monetary policy necessary to bring inflation down. This is starting to...