Washington, Apr 6 (AP) The International Monetary Fund chief is warning that the world economy is expected to grow less than 3 per cent in 2023, down from 3.4 per cent last year, increasing the risk of hunger and poverty globally.
Kristalina Georgieva said Thursday growth is expected to remain around 3 per cent for the next five years, calling it “our lowest medium-term growth forecast since 1990.”
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She says slower growth would be a “severe blow, making it even harder for low-income nations to catch up.”
She also warns that poverty and hunger could further increase, a dangerous trend that was started by the COVID crisis.” Her comments come ahead of next week’s spring meetings of the IMF and its sister…
