The Strategist

IMF chief expects world economy to grow by 3%

07/12/2023 - 10:26

The IMF's director predicts that the global economy will expand by 3% during the following five years.

Frédéric Remouchamps / Keops
Frédéric Remouchamps / Keops
According to the International Monetary Fund's (IMF) Managing Director Kristalina Georgieva, the global economy will expand by roughly 3% over the next five years.

Georgieva spoke on the anticipated development in the global economy during a meeting at the IMF, saying, "We forecast growth of about 3% in the next five years."

The head of the fund also noted that the 3.8% medium-term prediction for global economic growth is the "weakest" in decades.