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Economy

IMF lowers China's growth outlook to 8.0%, global average to 5.9%

Supply bottlenecks hobble pandemic recovery; fund grows worried about inflation

View of a container terminal of Ningbo Zhoushan port in Zhejiang province, China. The International Monetary Fund points out persistent supply chain disruptions and inflation pressures are constraining the global economy's recovery from the COVID-19 pandemic.   © Reuters

WASHINGTON (Reuters) -- Persistent supply chain disruptions and inflation pressures are constraining the global economy's recovery from the COVID-19 pandemic, the International Monetary Fund said on Tuesday as it cut growth outlooks for the United States and other major industrial powers.

In its World Economic Outlook, the IMF trimmed its 2021 global growth forecast to 5.9% from the 6.0% forecast it made in July. It left a 2022 global growth forecast unchanged at 4.9%.

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