IMF downgrades 2023 global growth forecast to 2.7 pct

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IMF downgrades 2023 global growth forecast to 2.7 pct

STORY: IMF downgrades 2023 global growth forecast to 2.7 pct DATELINE: Oct. 12, 2022 LENGTH: 00:01:09 LOCATION: Washington D.C. CATEGORY: ECONOMY SHOTLIST: 1. various of IMF press conference 2. SOUNDBITE (English): PIERRE-OLIVIER GOURINCHAS, Chief Economist and Director of Research Department, IMF 3. exterior of the IMF headquarters in Washington D.C. STORYLINE: The International Monetary Fund (IMF) on Tuesday projected the global economy to grow by 3.2 percent this year and 2.7 percent in 2023, with a downward 0.2-percentage-point revision for 2023 from the July forecast, according to the latest World Economic Outlook (WEO) report. The global economy is experiencing "a number of turbulent challenges," as inflation is higher than seen in several decades, tightening financial conditions in most regions, the Russia-Ukraine conflict, and the lingering COVID-19 pandemic all weigh heavily on the outlook, the report said. SOUNDBITE (English): PIERRE-OLIVIER GOURINCHAS, Chief Economist and Director of Res

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