The International Monetary Fund (IMF) has warned that global economic growth over the next five years will be the weakest in more than three decades, with China among the nations propping up the world economy.
IMF managing director Kristalina Georgieva issued the warning in a speech in Washington on April 6, when she cautioned that the path ahead—particularly the path back to robust growth—is “rough and foggy” following the COVID-19 pandemic, Russia’s invasion of Ukraine, further monetary tightening, and the current cost-of-living crisis across the globe.
She noted that global growth dropped by almost half, from 6.1 to 3.4 percent, in 2022 following Putin’s war against Ukraine and what she said were its “wide-ranging consequences,” adding that the slowdown has continued into this year….