IMF Cuts World GDP Outlook, Warns of Global Recession

The transcript discusses the worsening global economic risks since April, highlighting concerns such as a potential global recession, inflation, and central bank actions. The IMF's forecast for GDP growth has been downgraded, and the definition of a global recession is explained. Inflation is rising, and central banks must act carefully to avoid economic damage. Market expectations suggest the Fed may be less aggressive due to recession risks, with discussions on potential rate hikes and their implications.

What are the main risks mentioned that could lead to a global recession?

How has the IMF's outlook for global GDP changed since April?

What inflation rate is expected for this year according to the text?

What does the yield curve indicator suggest about the economic outlook?

What is the slim chance mentioned regarding the rate hike by the Fed?