WASHINGTON, D.C.: The International Monetary Fund (IMF) warned on Thursday (Friday in Manila) that geopolitical risks in Ukraine and the Middle East are looming over a global economy already hit by slowdowns in the US and China.
After “negative surprises” from the United States and China, the global economy is now expected to grow only 3.4 percent this year, the IMF said, lowering its April estimate of 3.7 percent.
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