IMF global outlook suggests dark clouds ahead for crypto

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. The report states in succinct terms that there are likely economic slowdowns ahead.

“The risks to the outlook are overwhelmingly tilted to the downside.”

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Macro factors have been linked to the crypto bear market, prompting crypto analyst Miles Deutscher to warn his 154,000 Twitter followers to expect volatility in the markets.

He noted the incoming earnings reports from Microsoft, Google, Apple, and Meta along with the gross domestic product (GDP) numbers from the

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