October 7, 2022 9:36 AM

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IMF warns hiking rates too quickly could trigger prolonged recession; anticipates global loss of 4 trillion dollars economic output

<span style="color: #222222;">International Monetary Fund has warned that hiking rates too quickly could trigger a prolonged recession. </span><br />''<br />''IMF managing director, Kristalina Georgieva has said that the global economic outlook is darkening and the risks of recession are quickly rising. She was addressing a programme at Georgetown University, in Washington DC, yesterday, October 6.<br />''<br />''She said, the IMF may once again lower its growth projections. Ms. Georgieva said, the IMF estimate that countries accounting for about one-third of the world economy will experience at least two consecutive quarters of contraction this year or the next year.<br />'' <br />''<span style="color: #222222;">The IMF anticipates that the world could lose 4 trillion dollars in economic output between 2022 and 2026. </span><br />

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