Global economic growth this year will be crimped by the Omicron variant, inflation, and supply chain disruptions.
That’s according to revised forecasts from the International Monetary Fund.
Just months ago, the IMF was touting robust expansion across the world.
And as well as a more pessimistic outlook, it’s now warning a possible conflict between Russia and Ukraine will prolong higher fuel prices.
CGTN’s Owen Fairclough reports.