The growth is down from 3.4% last year, and even further below the average of 3.8%, increasing the risk of hunger and global poverty.
“Poverty and hunger could further increase, a dangerous trend that was started by the COVID crisis,” IMF chief Kristalina Georgieva said, when speaking at a Politico event on Thursday.
Around 15% of low-income countries are currently in debt, and another 45% face high debts, according to the fund.