IMF Managing Director Kristalina Georgieva warned that the Fund's new outlook points to a difficult future for the global economy due to weak medium-term growth, escalating trade tensions, and high debt levels.
Georgieva painted a bleak picture in her speech ahead of next week's annual IMF and World Bank meetings but stressed that more could still be done to boost growth, reduce debt, and build a more resilient economy.
She warned of continued price hikes that disproportionately affect the poor, and the impact of escalating conflict in the Middle East on the stability of regional economies and global commodity markets.
