IMF revises global growth downwards and inflation upwards amid Iran shock
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The International Monetary Fund has revised its global growth forecast downward and its inflation forecast upward, citing a shock related to Iran. The impact of this revision varies by region, with some areas such as Latin America seeing an upward revision, while others, like Eswatini, face a trimmed growth outlook. Global growth is now forecast at around 3 percent, although the exact figure and specific regional effects are not universally agreed upon.
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