NEW YORK -- The International Monetary Fund has lowered its 2022 economic forecasts for global growth to 3.2% and for emerging and developing Asia to 4.6% amid a Chinese economic downturn and the continued spillover from Russia's war in Ukraine.
"The risks to the outlook are overwhelmingly tilted to the downside," IMF chief economist Pierre-Olivier Gourinchas said Tuesday in a virtual news conference for the fund's first update to the April edition of its World Economic Outlook report.
