IMF slashes Asia Pacific growth forecast to 4.9%, warns of stagflationary outlook

IMF lowered growth forecast for Asia Pacific by -0.5% to 4.9% in 2022. Inflation forecast, on the other hand, was raised by 1% to 3.4%.  Anne-Marie Gulde-Wolf, acting director of the IMF’s Asia and Pacific Department, warned, “the region faces a stagflationary outlook, with growth being lower than previously expected, and inflation being higher.” In […]

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