IMF warns world may soon be 'teetering on the edge of recession'

Elliot Gulliver-Needham
clock • 1 min read
IMF warns world may soon be 'teetering on the edge of recession'

The UK is set to experience the slowest GDP growth of any G7 economy next year, the International Monetary Fund said, as it warned that the world "may soon be teetering on the edge of a global recession". The international body slashed global growth projections while raising inflation expectations in its latest forecast, bringing global GDP growth estimates to 3.2% in 2022 and 2.9% in 2023. "The global economy, still reeling from the pandemic and Russia's invasion of Ukraine, is facing ...

To continue reading this article...

Join International Investment

Join International Investment today

Unlock members-only benefits:

  • Unlimited access to real-time news, industry insights, video features and market intelligence
  • Stay ahead of the curve with spotlights on international financial centres, regional trends international advice and global industry leaders
  • Receive breaking news stories straight to your inbox in the daily newsletters
  • Hear the latest cross jurisdictional developments in wealth planning, tax, regulation, investing, retirement and protection
  • Members-only access to the Editor’s weekly news roundup newsletter
  • Members-only access to analysis via our exclusive industry polls
  • Be the first to hear about our events and awards programmes

Join now

 

Already a International Investment member?

Login