CLEAN : 'Significant downgrades' for US, China behind IMF global growth outlook slash: Gopinath

The IMF has downgraded global growth to 4.4% for the year, primarily due to significant economic challenges in the US and China. China's growth is projected at 4.8%, affected by weaknesses in the real estate sector and private consumption, exacerbated by potential frequent outbreaks. The Omicron variant is expected to have a minimal impact on the global economy, thanks to widespread vaccination and booster availability. The overall outlook suggests a gradual return to normalcy, although communication challenges remain.

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