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IMF global outlook suggests dark clouds ahead for crypto

Investors are warning of further volatility in the digital asset markets as the International Monetary Fund (IMF) forecasts a slowdown in global economic growth.
The IMF’s July update on the World Economic Outlook titled “Gloomy and More Uncertain” points to “higher-than-expected inflation,” and a contraction of global output as indicators of incoming poor economic growth.
He noted the incoming earnings reports from Microsoft, Google, Apple, and Meta along with the gross domestic product (GDP) numbers from the U.S. could create further turbulence.
Major market moving events this week for #bitcoin, #crypto, and #stocks.
International Monetary Fund (IMF) released its July 2022 World Economic Outlook, forecasting significant slowdown in global growth which should average 3.2% this year and 2.9% in 2023.

Disclaimer: This story is auto-aggregated & summarized by a computer program and has not been created by TokenAround.

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