CAPITAL MARKETS

Markets upbeat despite weaker growth outlook

US stocks rallied even after the International Monetary Fund slashed its forecasts for global growth.

Markets upbeat despite weaker growth outlook

The IMF revised its forecast for 2022 to 3.6% from 4.4% previously, and to 3.6% from 3.8% in 2023. Global growth is expected to be weaker than first thought due to the war in Ukraine and COVID-19 lockdowns...

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