IMF Cut Global Growth to 3.1%, Flags Downturn Risk If War Lasts

IMF Cut Global Growth to 3.1%, Flags Downturn Risk If War Lasts

The International Monetary Fund downgraded its growth projection for the year after the war in the Middle East triggered a major oil shock and included the possibility of a downturn if the conflict drags on and energy infrastructure is severally damaged.

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