IMF Says Less Global Economic Growth Will Lead to More Poverty

IMF Says Less , Global Economic Growth , Will Lead to More Poverty.
On April 6, the head of the International Monetary Fund (IMF), said that the global economy is on track , to grow just 3% this year. .
On April 6, the head of the International Monetary Fund (IMF), said that the global economy is on track , to grow just 3% this year. .
ABC reports that the dwindling
growth increases the risk
of hunger and poverty globally.
According to the IMF's Kristalina Georgieva, , growth is expected to linger at 3%, for the next five years. .
According to the IMF's Kristalina Georgieva, , growth is expected to linger at 3%, for the next five years. .
Poverty and hunger could further
increase, a dangerous trend that
was started by the COVID crisis, Kristalina Georgieva, managing director of
the International Monetary Fund, via ABC.
The news comes ahead of meetings
between the IMF and the World Bank
in Washington next week. .
The news comes ahead of meetings
between the IMF and the World Bank
in Washington next week. .
ABC reports that policymakers are
expected to discuss the most pressing
issues facing the global economy. .
ABC reports that policymakers are
expected to discuss the most pressing
issues facing the global economy. .
The meeting comes as central banks continue
to raise interest rates around the world amid an
ongoing debt crisis among emerging economies.
The meeting comes as central banks continue
to raise interest rates around the world amid an
ongoing debt crisis among emerging economies.
According to the IMF, persistently
high interest rates are just one of the major
hurdles the world's economies face.
Another major factor is reportedly
the collapse of banks in both
the United States and Europe. .
Another major factor is reportedly
the collapse of banks in both
the United States and Europe. .
Meanwhile, deepening geopolitical divisions, across the globe present another, major threat to financial stability.