IMF cuts global growth outlook to lowest since financial crisis

On Tuesday, 9th April, the IMF i.e. The International Monetary Fund cut its forecast of global growth to the lowest level recorded ever since the occurrence of the financial crisis, warning that there will be major downside risks to the economy of the world such as a massive rise in the levels of debt, tensions in trade, a lot of political instability, and increasing inequality. The IMF has reduced its forecast of growth to 3.3% for the year 2....