The IMF has lowered its global economic growth forecast, projecting worldwide GDP growth at 3.1% this year. They revised China's expected expansion to 4.4%, citing geopolitical shocks, particularly those from the conflict in the Middle East.

The International Monetary Fund (IMF) has lowered its global economic growth forecast, including for China, citing shocks from the US-Israeli war in Iran. In its flagship World Economic Outlook published on Tuesday, the IMF projected worldwide gross domestic product growth at 3.1 per cent this year, down 0.2 percentage points from its January estimate. China – the world’s second-largest economy – is now expected to expand by 4.4 per cent this year. That would miss the IMF’s January estimate by.....