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Economy

IMF cuts emerging Asia growth estimate on war, COVID lockdowns

Warns of 'significant slowdown' in global economic expansion

The IMF expects global gross domestic product to expand 3.6% in 2022, down from the 4.4% predicted in January -- before Russia invaded Ukraine and before lockdowns in China. (Source photos by Reuters) 

TOKYO/NEW YORK -- The International Monetary Fund has cut its growth forecast this year for Asia's emerging economies to 5.4% from the 5.9% previously touted, hit by spillover from the Ukraine war and COVID lockdowns in China.

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