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.
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)
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