The global economy could lose as much as $4-trillion in output over the next four years, says Kristalina Georgieva
IMF MD Kristalina Georgieva speaks at Georgetown University in Washington, DC, the US, October 6 2022. Picture: TING SHEN/BLOOMBERG
The head of the lender of last resort spoke ahead of its annual meetings next week, when finance ministers and central bankers will converge on the US capital to seek solutions for global challenges such as persistent inflation, record debt that emerging developing nations are struggling to service, climate change and food security.
The IMF currently projects global economic growth of just 3.2% in 2022 and 2.9% in 2023. Georgieva said the latter estimate will be lowered next week.
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