Is the world at large staring at a recession?

Is the world at large staring at a recession?

IMF Chief said the outlook for the global economy was "darkening" given the pandemic, Russia's invasion of Ukraine and climate disasters on all continents

She said the old order, characterized by adherence to global rules, low interest rates and inflation, was giving way to one in which "any country can be thrown off course more easily and more often."

Is this the first downward revision by the IMF?

Not really. This is the fourth time the IMF would be downgrading its economic outlook for the world at large. 

OECD and S&P last week kept their growth forecasts for India unchanged at 6.9 per cent and 7.3 per cent, respectively, for FY23

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