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IMF lowers global growth outlook, pointing to supply chain problems and pandemic

The International Monetary Fund has cut the economic growth outlook for the United States and other major industrial powers amid ongoing supply chain problems and pricing constraints linked to the COVID-19 pandemic. ....

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IMF outlook: IMF offers rosier view on Asia, warns of Fed fallout on markets

TOKYO: The International Monetary Fund offered a more upbeat view on Tuesday on Asia s economic outlook than six months ago, but warned a faster-than-expected rise in US interest rates could disrupt markets by triggering capital outflows from the region.
While Asia is rebounding from last year s slump caused by the COVID-19 pandemic, there is a divergence between nations benefitting from surging global demand and those reliant on tourism, said Jonathan Ostry, deputy director of the IMF s Asia and Pacific Department.
Setbacks in the vaccine rollout, questions about the potency of the vaccine against new variants of the disease, and a resurgence of the virus, together constitute a key downside risk, Ostry told an online briefing. ....

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