The International Monetary Fund (IMF) has issued a report indicating a slowdown in economic growth for developed countries. The report attributes this deceleration to rising oil prices and the increasing prevalence of higher interest rates. These factors are expected to dampen economic activity across several major economies.

The IMF’s projections suggest a moderate cooling of economic expansion compared to previous forecasts. While a recession is not anticipated, the slower growth rate could have significant implications for global trade and investment flows. The report urges policymakers to remain vigilant and implement appropriate measures to mitigate the potential negative effects of this slowdown.