"IMF Chief Warns of 'Tepid Twenties' and Urges Policy Course Correction"
The International Monetary Fund has projected global growth of about 3% for this year, warning of a potentially lackluster decade ahead without a course correction. IMF's managing director, Kristalina Georgieva, highlighted weak global economic activity, rising debt, and the disproportionate impact of the pandemic on vulnerable countries. The anticipated growth rate is slightly above last year's projection but below the historic average, with strong activity in the United States and emerging markets cited as contributing factors. The IMF and World Bank will discuss these issues at their upcoming spring meetings amid global conflicts threatening financial stability.