Power Breakfast: IMF cuts global growth forecast, Russia-Ukraine war is affecting the countrys development

Rising inflation fears impact on global growth. IMF slashes global growth forecast. India's growth forecast reduced from 9% to 8.2%. The growth forecast for 2022 has been reduced from 4.4% to 3.6%. The growth forecast for 2023 has been reduced from 3.8% to 3.6%. The International Monetary Fund on Tuesday slashed its forecast for global economic growth by nearly a full percentage point, citing Russia’s war in Ukraine, and warning that inflation was now a “clear and present danger” for many countries.