IMF chief said, poverty and poverty in the world may increase due to the slowing down of the global economic growth rate.

IMF Update: international monetary fundIMF) Managing Director Kristalina Georgieva has said that there is a possibility of slowing down of the Global Economic Growth Rate in 2023. Due to the Global Economic Slowdown, there is a danger of increasing poverty and hunger at the global level. Kristalina Georgieva said that in 2023 the global economy can grow at a rate of less than 3 percent.

Kristalina Georgieva said economic growth is expected to remain around 3 per cent for the next five years and is the IMF’s lowest forecast for the global economy since 1990 and is lower than the average of 3.8 per cent over the past two decades. . He said that the decline in the growth rate will have to bear the brunt, especially for the low-income countries.

The IMF (International Monetary Fund) chief said that there could be an increase in poverty and hunger, which is a dangerous trend. He said that this trend has started after the Kovid epidemic. The IMF chief said that the ever-increasing interest rates, bank failures in the US and Europe and global political differences are posing a threat to the financial stability of the world.

Meridian-Politico During a program in Meridian-Politico, Kristalina Georgieva’s statement came when the IMF and its lending agency World Bank are going to meet in Washington next week. In this meeting, policymakers from all over the world are going to discuss about the global economy. On the Indian side, RBI governors are participating in the meeting. The heads of the Central Banks from all over the world are participating in this meeting when inflation is at its peak and interest rates are skyrocketing.

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