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Global economy 'limping along,' cuts growth forecast for China, euro area: IMF
The International Monetary Fund (IMF) has lowered its growth forecasts for China and the euro area, while maintaining its forecast for global GDP growth in 2023 at 3.0%. The IMF cited the uneven recovery from the Covid-19 pandemic, Russia's invasion of Ukraine, and last year's energy crisis as factors contributing to the low and divergent global growth. The IMF also expressed concerns about risks related to the real estate crisis in China.
The International Monetary Fund (IMF) has lowered its growth forecasts for China and the euro area, while maintaining its forecast for global GDP growth in 2023 at 3.0%. The IMF cited the uneven recovery from the Covid-19 pandemic, Russia's invasion of Ukraine, and last year's energy crisis as factors contributing to the low and divergent global growth. The IMF also expressed concerns about risks related to the real estate crisis in China. 
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