IMF slashes US growth forecast and warns of rising risks to the global economy
The cut reflects disruptions to supply chains and softening consumption in the third quarter, the IMF said.
The IMF now expects the global economy to grow 5.9% in 2021, 0.1 percentage points lower than the July forecast. The outlook for 2022 remained unchanged. Despite the modest revision, the organization said that economic risks have increased.
“Rapid spread of Delta and the threat of new variants have increased uncertainty about how quickly the pandemic can be overcome,” it said. “Policy…