The International Monetary Fund (IMF) is downgrading its global economic growth forecast

The International Monetary Fund (IMF) is downgrading its global economic growth forecast, its managing director Kristalina Georgieva recently announced in an address to students in Washington, DC’s Georgetown University campus. “Overall, we expect global output as a result of all this [multiple shocks] to shrink between now and 26, 2026 by $4 trillion,” she said.

IMF estimates that one third of countries around the world would experience, at least, two consecutive quarters of contraction this year and next year, she said