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IMF Cuts World GDP Outlook a Third Time as Inflation, Rates Jump

  • Outlook risks ‘overwhelmingly tilted to downside,’ fund says
  • World may soon be teetering on recession edge, Gourinchas says
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IMF Cuts World GDP Outlook, Warns of Global Recession
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The International Monetary Fund cut its global growth outlook for this year and next, warning that the world economy may soon be on the cusp of an outright recession.