The International Monetary Fund downgraded the global growth forecast for next year, saying the projections are weakest in decades, while the likelihood of a soft-landing has increased with growing divergences amid modestly easing inflationary pressures.
Global growth was forecast at 3.0 percent this year, the IMF said in its October World Economic Outlook report released on Tuesday at Marrakech, Morocco, where the lender is holding its annual meeting.
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by Jyotsna V
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