10 things before the opening bell

10 things before the opening bell

Global financial institutions are sounding the alarm on the world economy's slowing growth this year as Russia continues to wage war against Ukraine. Between geopolitics, oil, and inflation, there's a lot of moving parts — let's get started. The International Monetary Fund pinned the slowdown on . On Tuesday, it projected a sharp decline in 2022 economic growth worldwide as the war drives up energy prices and drags on COVID-19 recoveries. Now, the IMF sees global growth at , down from its 4.4% forecast issued in January. Beyond 2023, it expects growth to decline to about 3.3%. Growth in 2021 was about 6.1%. "Fuel and food prices have increased rapidly, hitting vulnerable populations in low-income countries hardest," the IMF said in its World Economic Outlook. which earlier this week slashed its own global growth forecasts from Now, the World Bank is preparing to larger than the one it doled out in response to the pandemic. US mortgage giant Fannie Mae said it anticipates a "modest" US next year. Goldman Sachs, for its part, put the odds of a recession at 15% over the next 12 months. Meanwhile, Tuesday as economic warnings mounted. The service's bleak update and rising bond yields