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ECB’s Lagarde Says IMF Has Cut Global Growth Forecasts Except US
European Central Bank President Christine Lagarde said the IMF has cut its forecasts for the global economy. “The International Monetary Fund has revised down its growth projections worldwide, except for the United States,” Lagarde told La Tribune Dimanche in an interview, according to a transcript on the ECB’s website. The IMF is set to publish its latest outlook on Tuesday, having in July raised this year’s prediction for world growth, as well as for most major economies. It currently sees global GDP expanding 3% in both 2023 and 2024, with US output rising 1.8% and 1%. In the runup to this week’s World ... (full story)