IMF trims world growth outlook as financial risks raise pressure

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IMF trims world growth outlook as financial risks raise pressure
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The unexpected failures last month of Silicon Valley Bank and Signature Bank and the collapse of Credit Suisse Group AG roiled markets and ignited financial-stability concerns

The International Monetary Fund trimmed its global-growth projections, warning of high uncertainty and risks as financial-sector stress adds to pressures emanating from tighter monetary policy and Russia’s invasion of Ukraine.

Gross domestic product will likely expand 2.8 per cent this year and 3 per cent next year, each 0.1 percentage point less than forecast in January, the fund said Tuesday in a quarterly update to its World Economic Outlook. That compares with 3.4 per cent ...

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