Activity slowing but not stalling in face of Ukraine war and cost of living crisis, economic health check finds
Fears of a worldwide recession triggered by the war in Ukraine and a cost of living crisis will prove unfounded, according to a health check from the International Monetary Fund.
In its half-yearly world economic outlook, which was produced before the surprise attack on Israel by Hamas, the IMF said growth had shown “remarkable resilience” in the face of a series of adverse shocks in recent years with activity slowing but not stalling.
