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IMF Warns Russia’s War on Ukraine Could Push Global Economy into Recession

HeadlineJul 15, 2022

The International Monetary Fund is warning the global economy could soon slip into a recession. IMF Director Kristalina Georgieva said this week price shocks from Russia’s war in Ukraine are making it harder for hundreds of millions of people to purchase food, fuel and other necessities.

China’s Bureau of Statistics said today the economy grew by just 0.4% last quarter compared to a year earlier. That’s China’s lowest rate of growth since the COVID-19 pandemic idled much of its economy in early 2020.

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