IMF Predicts ‘rocky recovery’ 

In its latest World Economic Outlook for April, the International Monetary Fund (IMF) suggests that the world economy is not out of the woods yet.

The Bretton Woods institution notes that the global economy is yet again at a highly uncertain moment, with the cumulative effects of the past three years of adverse shocks – most notably, the COVID-19 pandemic and Russia’s invasion of Ukraine – manifesting in unforeseen ways.

“On the surface, the global economy appears poised for a gradual recovery from the powerful blows of the pandemic and of Russia’s unprovoked war on Ukraine,” it says in its report. “China is rebounding strongly following the reopening of its economy.”