News Snapshot:
India and China are expected to account for half of the global growth in 2023, IMF chief Kristalina Georgieva said on Thursday. She added that the global economy is expected to grow at less than 3 percent this year. Global economic slowdown to continue International Monetary Fund (IMF) managing director Georgieva warned that a sharp slowdown in the world economy last year following the raging pandemic and Russia’s military invasion of Ukraine would continue in 2023. The period of slower economic activity will be prolonged, with the next five years witnessing less than 3 percent growth, our lowest medium-term growth...
