Friday, July 1, 2022

global economy

IMF lowers global growth outlook as supply bottlenecks hobble pandemic recovery

The IMF has trimmed its 2021 global growth forecast to 5.9% from the 6.0% forecast it made in July, leaving a 2022 global growth forecast unchanged at 4.9%.

Asia’s factories hit by pandemic-related supply disruptions

Southeast Asia was hit particularly hard with factory activity shrinking in Vietnam, Indonesia and Malaysia because of virus outbreaks and output suspensions, surveys show.

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