IMF to downgrade forecast for over 140 economies amid Russia-Ukraine conflict


WASHINGTON, April 14 (Xinhua) -- The International Monetary Fund (IMF) chief said Thursday that the organization will revise down its global growth forecast amid the Russia-Ukraine conflict, the impact of which will contribute to downgrades for 143 economies this year.

"To put it simply: we are facing a crisis on top of a crisis," IMF Managing Director Kristalina Georgieva said in a curtain raiser speech ahead of the 2022 spring meetings of the IMF and the World Bank scheduled next week.

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