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.

What is the downgraded global growth percentage for this year?

What are the main reasons for the significant downgrades in growth for the US and China?

How is the impact of Omicron estimated for the first quarter of this year?

What factors are contributing to the weakness in China's economic recovery?

How have vaccinations and access to boosters affected the assessment of the global economy's impact?