World economy faces weakest growth since 1990.

The global economy is set to grow at roughly 3% over the next five years - the slowest pace since 1990, the head of the International Monetary Fund has said.

Kristalina Georgieva said the path ahead was "rough and foggy" - and warned that cooperation to address the problems was becoming more difficult.

She spoke in Washington ahead of the IMF's annual meeting.

In her remarks, she called for more help for low-income countries.

"For the weakest members of our global family, additional support from wealthier countries is essential," she said, calling for countries to boost funds for the IMF, which makes low-cost loans to countries in need.

The organisation is bracing for a wave of requests for help or debt restructuring, as the shocks from Covid-19 crisis, the war in Ukraine and soaring cost of living continue to reverberate.

Source: www.bbc.com


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