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MNI: IMF Tells G20 Things Are Getting Worse, Keep Tightening

(MNI) OTTAWA

Europe and China appear more vulnerable in fourth quarter, IMF tells G20 leaders.

The IMF said G20 leaders should keep tightening fiscal and monetary policy to get inflation back under control even as the global economy shows more signs of tilting into recession.

"Recent high-frequency indicators confirm that the outlook is gloomier," than a month ago when the IMF cut its 2023 growth forecast to 2.7% and said nations accounting for a third of global output will contract this year or next. The blog post by Tryggvi Gudmundsson also said Europe especially is showing weakness in the fourth quarter and China is struggling with Covid restrictions and troubles in real estate.

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MNI: IMF Tells G20 Things Are Getting Worse, Keep Tightening

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MNI: IMF Tells G20 Things Are Getting Worse, Keep Tightening

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