“Success over time (in lowering prices) will be beneficial for global growth, but some pain to get to that success can be a necessary price to pay,” Kristalina Georgieva said, as the IMF cut its U.S. growth forecast for 2022 by 0.8 percentage point to 2.9%.
Georgieva said the IMF believed the United States could escape a recession, but warned that the outlook had “significant” downside risks.
Source: Economy - investing.com
