cbn statement, 2022-07-19
Consequently, the International Monetary Fund (IMF) in its April 2022 World Economic Outlook (WEO), downgraded its global output growth forecast for 2022 and 2023 to 3.6 per cent apiece from 4.4 and 3.8 per cent, respectively, with the likelihood of a further downgrade, given the continued deterioration in output growth.
Sentiment: neutral
Topic: mp_economic_activity