Global economy outlook weakest in decades

Robust recovery after the Covid-19 pandemic remains “elusive,” Kristalina Georgieva has said The world economy is facing its weakest period of growth since the 1990s in the next five years due to problems triggered by the pandemic and political tensions, International Monetary Fund (IMF) Managing Director Kristalina Georgieva stated on Thursday. A severe slowdown in the global economy last year following the Covid-19 pandemic and the conflict in Ukraine is set to continue in 2023 and could persist for the next five years, she warned. Global GDP will grow at about 3% over the next half decade compared to an average

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