IMF head expects less than 3 per cent global economic growth in 2023
IMF chief said growth is expected to remain around 3 per cent for the next five years, calling it "our lowest medium-term growth forecast since 1990, and well below the average of 3.8 per cent from the past two decades."
The IMF head said persistently high interest rates, a series of bank failures in the US and Europe, and deepening geopolitical divisions are threatening global financial stability. (Image: Pixabay)