The International Monetary Fund (IMF) recently published their April 2022 World Economic Outlook (WEO) report, titled “War Sets Back Global Recovery.” We went over the report in issue 561 of the Sunday Spotlight. The report addresses how global economic prospects have worsened significantly, since the last forecast in January. IMF had initially projected the global recovery to strengthen from 2022-Q2 after the short-lived impact of the Omicron variant. Since then however, the outlook has deteriorated largely because of the war in Ukraine, and the sanctions that have followed. (....)