The International Monetary Fund expects to hold its global growth forecast at 2.7% for 2023.
Georgieva said the IMF expected the slowdown in global growth to "bottom out" and "turn around towards the end of '23 and into '24."Georgieva said there was much hope that China - which previously contributed some 35% to 40% of global growth, but had "disappointing" results last year.
People wearing protective face masks arrive at Capital Airport, following an outbreak of the coronavirus disease , in Beijing, China. But Georgieva said great uncertainty remained, citing the risk of a significant climate event, a major cyberattack or the danger of escalation in Russia's war in Ukraine.
She also mentioned global concerns such as growing social unrest in Brazil, Peru and other countries, and the impact of tightening financial conditions remained unclear.
Singapore Latest News, Singapore Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
IMF chief expects to keep 2023 global growth forecast steady at about 2.7%The International Monetary Fund is not likely to downgrade its forecast for 2.7% growth in 2023, the head of the global lender said on Thursday, noting that a feared oil price spike had failed to materialize and labor markets remained strong.
Read more »
BLACKPINK Nominated For Best International Group At 2023 BRITsBLACKPINK Nominated For Best International Group At 2023 BRITs
Read more »
Ferrari names 6 drivers for 499P campaign, including ex-F1 driverFerrari's 499P LMH is just weeks away from starting its 2023 World Endurance Championship assault.
Read more »
Eric Church to Play Amphitheaters on 2023 Outsiders Revival TourIt’s been 13 years since the “Heart on Fire” singer has toured outdoor venues
Read more »
The Golden Globes 2023 Really Did Pull Off Their ComebackFollowing a reckoning within its ranks and a year off the air, the Hollywood Foreign Press presented a return to luxe elegance, some worthy winners, and an actual sense of fun.
Read more »
Toyota GR86 2023 review – a last hurrah for the affordable sports coupe hero | EvoNo minor revision, the ToyotaUK GR86 hits heights beyond the reach of its iconic predecessor -
Read more »