SINGAPORE - The International Monetary Fund (IMF) recently cut its global economic growth outlook again, warning of more downside ahead. Pessimism is clearly running high in much of the world.
Indeed, the probability of a deeper economic contraction has risen. The sharp cut in Russian gas exports to Europe, a hawkish Federal Reserve and China's property crisis have increased the odds.
Already a subscriber? Log in
Read the full story and more at $9.90/month
Get exclusive reports and insights with more than 500 subscriber-only articles every month
ST One Digital
$9.90/month
No contract
ST app access on 1 mobile device
Unlock these benefits
All subscriber-only content on ST app and straitstimes.com
Easy access any time via ST app on 1 mobile device
E-paper with 2-week archive so you won't miss out on content that matters to you
