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Sunday, October 16, 2022

‘The worst is yet to come’ for the global economy, IMF warns. Set your phasers to Doom.

 https://www.devex.com/news/the-worst-is-yet-to-come-for-the-global-economy-imf-warns-104167#:~:text=The%20International%20Monetary%20Fund%20is,as%20Russia's%20war%20in%20Ukraine

The worst is yet to come,” said the fund’s Chief Economist Pierre-Olivier Gourinchas. Speaking to a packed press conference Tuesday to launch the latest World Economic Outlook, he had a grim warning on global inflation, saying it is expected to peak at 9.5% this year and will remain elevated for longer than previously forecast.


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