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This is a photo of a US $100 bill with a red arrow pointing downwards in front of it.
The stock market could continue to tumble in the face of rising inflation and a recession.

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  • Recession risks have increased as turmoil snarls the financial sector, according to an IMF report Tuesday. 
  • The IMF forecasts the global economy to grow 2.8% this year, below its previous 2.9% estimate. 
  • "Recession concerns have gained prominence, while worries about stubbornly high inflation persist."

The International Monetary Fund trimmed its global growth outlook Tuesday and warned recession risks have grown on tremors in the banking sector.

The IMF now sees global economic growth at 2.8% in 2023, slightly below its estimate of 2.9% in January.

Tags
Markets, MI Exclusive, IMF, International Monetary Fund, economy, Inflation, Recessions, Recession, Market Outlook
Source
Recession risks are heightened amid stubbornly high inflation and banking secto…