INSUBCONTINENT EXCLUSIVE:
The World Economic Outlook update will be launched on January 25The International Monetary Fund will release its World Economic Outlook on
25, a week later than planned, to factor in the latest COVID-19 developments, a spokesperson for the global lender said on Tuesday, amid
latest developments related to the COVID-19 pandemic into the economic forecasts," the spokesperson said.IMF spokesperson Gerry Rice last
month told reporters to expect the update on Jan
19.Managing Director Kristalina Georgieva last month told the Reuters Next conference that the IMF was likely to further downgrade its
global economic growth projections in January to reflect the emergence of the Omicron variant of the coronavirus.In October, the IMF had
coronavirus variants.The coronavirus has killed nearly 5.8 million people worldwide over the past two years.Economists expect the IMF to cut
its economic forecast for the United States, the world's largest economy, given the rapid spread of the highly contagious Omicron variant,
already slashed its forecast for US Gross Domestic Product growth in 2021 by a full percentage point to six per cent, citing supply chain
Congress have deepened.The United States set a global record of almost one million new coronavirus infections on Monday, according to a
Reuters tally, and its daily average has totalled 486,000 cases over the last week, a rate higher than that of any other country.
