IMF MD Georgieva: Likely to see some downgrades to global growth forecasts due to Omicron

Managing Director (MD) of the IMF Kristalina Georgieva said on Friday that she had already been concerned that the global economic recovery had been losing steam before the emergence of the Omicron variant. There would now likely be some downgrade to global growth forecasts as a result, she added, saying that the rapid spread of the new variant can dent confidence.