The International Monetary Fund (IMF) on Tuesday slashed India’s economic growth forecast to 6.8% for 2022. This is a steep cut in comparison to its previous forecast of 7.4%, that it had given out in July. Meanwhile, the IMF report sounded a word of caution for major economies of the world and said that global growth is expected to slow further next year. “The worst is yet to come and, for many people 2023 will feel like a recession,” said IMF economic counsellor Pierre-Olivier Gourinchas in a blog post.
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