Risk of hunger, poverty higher due to slow economic growth: IMF | Business and Economy News

IMF head said persistently high interest rates, a series of bank failures in the US and Europe, and deepening geopolitical divisions are threatening global financial stability.

The world economy is expected to grow less than 3 percent this year, down from 3.4 percent last year, increasing the risk of hunger and poverty globally, the head of the International Monetary Fund (IMF) has said.

Kristalina Georgieva said on Thursday that growth is expected to remain about 3 percent for the next five years, calling it “our lowest medium-term growth forecast since 1990”, adding that it would be a…