IMF Warns the World Economy Is Slowing

The International Monetary Fund says the world economy may grow more slowly this year.

The IMF cut its forecast because energy prices are higher and supply problems are making life harder for many countries. It warned that the situation could become worse if the Middle East conflict grows.

Higher oil and gas prices can raise transport, food, and factory costs. That can make inflation stronger and reduce economic growth.

The IMF says governments may have to balance two difficult goals at the same time: controlling prices and protecting growth.