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.
Economy
IMF cuts global and Asian growth estimates as recession risk looms
COVID shutdowns and real estate slump in China bog down rest of region
A construction site in Beijing. The IMF cut China's growth projection by 1.1 percentage point to 3.3% for 2022. © Reuters
Read Next
Latest on Economy
