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Strong economic activity in the United States and emerging markets is expected to lift global growth by about 3% this year, below the historical annual average and underperforming throughout the 2020s, the International Monetary Fund chief said Thursday. He said this is a warning sign about the possibility of
“Without a course correction, we are certainly headed for the ‘tepid 20s,’ a depressed and disappointing decade,” Kristalina Georgieva, the group’s managing director, said in announcing economic forecasts and long-term outlook. Deaf,” he said.
He said global economic activity was weak based on historical measurements and debt was rising, posing major challenges to public finances in many regions of the world.
“The scars of the pandemic are still with us. Global production losses since 2020 have been around $3.3 trillion, with costs falling disproportionately on the most vulnerable countries,” she said. Ta.
The expected growth rate is just over 3%, slightly higher than last year’s forecast. His historical average is 3.8%.
“Global growth is slightly stronger, driven by strong economic activity in the United States and many emerging market economies,” Georgieva said.
The IMF and its fellow lending institution, the World Bank, will hold their spring meeting in Washington next week, where finance ministers, central bankers and policymakers will discuss the world’s economy’s most pressing issues.
The annual gathering comes as several conflicts threaten global financial stability, including Russia’s invasion of Ukraine and the war between Hamas and Israel in Gaza.
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