IMF cuts 2022 global growth forecast to 3.6 pct amid Russia-Ukraine conflict

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IMF cuts 2022 global growth forecast to 3.6 pct amid Russia-Ukraine conflict

STORY: IMF cuts 2022 global growth forecast to 3.6 pct amid Russia-Ukraine conflict DATELINE: April 20, 2022 LENGTH: 00:01:24 LOCATION: Washington D.C./Moscow/Kiev CATEGORY: POLITICS/MILITARY SHOTLIST: 1. various of general views 2. various of street views in Kiev 3. various of street views in Moscow STORYLINE: The International Monetary Fund (IMF) on Tuesday slashed global growth forecast for 2022 to 3.6 percent amid the Russia-Ukraine conflict, 0.8 percentage points lower than the January projection. According to its newly released World Economic Outlook report, the Ukraine crisis unfolds while the global economy is "on a mending path" but has not yet fully recovered from the COVID-19 pandemic. The report showed that a severe double-digit drop in gross domestic product (GDP) for Ukraine and a large contraction in Russia are "more than likely," along with worldwide spillovers through commodity markets, trade and financial channels. Also on Tuesday, Russian Foreign Minister Sergei Lavrov said the second

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