Washington, Apr 6 (PTI) The IMF chief on Thursday said that the world economy is expected to grow at less than 3 per cent this year, with China and India expected to account for half of global growth in 2023.
International Monetary Fund (IMF) managing director Kristalina Georgieva warned that a sharp slowdown in the world economy last year following the raging pandemic and Russia's military invasion of Ukraine would continue this year.
The period of slower economic activity will be prolonged, with the next five years witnessing less than 3 per cent growth, “our lowest medium-term growth forecast since 1990, and well below the average of 3.8 per cent from the past two decades," she said.
