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It also raised its inflation forecast, urging policymakers to stand ready to act quickly.
Washington – Supply chain disruptions and global health concerns prompted the International Monetary Fund to cut its growth forecast for the world economy in 2021, while it raised its inflation forecast and warned of the risks of rising prices.
In the international monetary fund’s latest World Economic Outlook report, released on Tuesday, economists referred to the spread of the novel coronavirusDelta variant and said the top priority for the policy was to vaccinate enough people in each country to prevent the virus from mutating dangerously. They stressed that it was important for major economies to live up to their commitments to provide vaccines and financial support for international vaccination efforts, lest new variants derail a fragile recovery.
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