News Snapshot:
High interest rates, US bank failures and geopolitical divisions in Europe are reasons why the world economy is expected to grow less than 3% in 2023, the chief of the International Monetary Fund (IMF) has said. The growth is down from 3.4% last year, and even further below the average of 3.8%, increasing the risk of hunger and global poverty. "Poverty and hunger could further increase, a dangerous trend that was started by the COVID crisis," IMF chief Kristalina Georgieva said, when speaking at a Politico event on Thursday. Around 15% of low-income countries are currently in debt, and another...
