Global growth outlook cut by IMF on Russia invasion, China’s coronavirus lockdowns

• Global expansion will slow to 3.6 per cent in 2022, down from forecast of 4.4 per cent in January before Russia-Ukraine war; compared with 6.1 per cent in 2021
• High uncertainties include a worsening of the conflict, escalation of sanctions on Russia, a sharper slowdown in China, and a renewed flare-up of the pandemic