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IMF postpones release of its global economic forecast

The International Monetary Fund (IMF) has delayed the release of its World Economy Outlook to factor in the latest COVID-19 developments, according to a spokesperson. The outlook will be released on 25 January 2022, one week later than planned, to allow its team to incorporate the latest developments related to the global health crisis. The IMF in October had forecast global economic growth of 5.9% in 2021 and 4.9% this year. Managing Director Kristalina Georgieva, however, told Reuters last month that the IMF was likely to further downgrade its global economic growth projections to reflect the emergence of the Omicron variant of the coronavirus.

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