3/26, 6:14 AM (Source: TeleTrader)
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IMF: Medium-term outlook for world economy weak

International Monetary Fund (IMF) Managing Director Kristalina Georgieva said on Sunday that the medium-term outlook for the global economy "is likely to remain weak" due to "exceptionally high) uncertainties. The IMF expects global growth to stay below 3% in 2023 and below 3.8% in 2024.

In her speech at the China Development Forum, Georgieva said risks to financial stability have increased, pointing to the recent turmoil in the banking sector. "Policymakers have acted decisively in response to financial stability risks, and advanced economy central banks have enhanced the provision of U.S. dollar liquidity. These actions have eased market stress to some extent, but uncertainty is high which underscores the need for vigilance," she said.

Baha Breaking News (BBN) / DJ