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Less than 3% world economic growth predicted due to geopolitical divisions and US bank failures – IMF chief

April 6, 2023

Via: Sky News
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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.

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