Avoiding a recession ‘increasingly challenging,’ says IMF, as it cuts U.S. growth forecast again

The International Monetary Fund has cut its forecast for U.S. growth for the second time in two months, citing the increasingly difficulty of sidestepping inflation, compounded by the lingering COVID pandemic and Russia’s invasion of Ukraine.

In its so-called Article IV consultation released on Tuesday, the executive board of the IMF cut its U.S. 2022 growth forecast to 2.3%, after cutting growth to 2.9% in June.

The…