Some 90% of advanced economies are expected to see GDP decline this year The global economic slowdown will continue this year, but Asia will remain “a bright spot,” says the International Monetary Fund (IMF). India and China will account for half of the global growth, with “some momentum” expected to come from emerging economies, according to IMF Managing Director Kristalina Georgieva. The IMF chief forecast the world’s economy to grow at less than 3% in 2023, in line with the fund’s January estimate of 2.9%. Georgieva said the pattern would remain over the next five years, since the period of slower economic acti
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