The International Monetary Fund's updated 2022 World Economic Outlook, released in August and warned that global output shrank in the second quarter of this year 2022, prompting the IMF to shave full-year forecasts further. On the face of it, the slowdown is not yet dnegrously high. The fund tipped global economic expansion in 2022 of 3.2%, or about half of last year's 6.1%. Questions: 1. What global economic and geo-poltical risks could impact Australia's international trade success with other countries in 2022 and beyond? (2 marks). 2. What economic and geo-political risks should Australia be aware of and manage in the Asia Pacific region? (2.5 marks) Explain: