IMF Says Less , Global Economic Growth , Will Lead to More Poverty.<br />On April 6, the head of the International Monetary Fund (IMF), said that the global economy is on track , to grow just 3% this year. .<br />On April 6, the head of the International Monetary Fund (IMF), said that the global economy is on track , to grow just 3% this year. .<br />ABC reports that the dwindling <br />growth increases the risk <br />of hunger and poverty globally.<br />According to the IMF's Kristalina Georgieva, , growth is expected to linger at 3%, for the next five years. .<br />According to the IMF's Kristalina Georgieva, , growth is expected to linger at 3%, for the next five years. .<br />Poverty and hunger could further <br />increase, a dangerous trend that <br />was started by the COVID crisis, Kristalina Georgieva, managing director of <br />the International Monetary Fund, via ABC.<br />The news comes ahead of meetings <br />between the IMF and the World Bank <br />in Washington next week. .<br />The news comes ahead of meetings <br />between the IMF and the World Bank <br />in Washington next week. .<br />ABC reports that policymakers are <br />expected to discuss the most pressing <br />issues facing the global economy. .<br />ABC reports that policymakers are <br />expected to discuss the most pressing <br />issues facing the global economy. .<br />The meeting comes as central banks continue <br />to raise interest rates around the world amid an <br />ongoing debt crisis among emerging economies.<br />The meeting comes as central banks continue <br />to raise interest rates around the world amid an <br />ongoing debt crisis among emerging economies.<br />According to the IMF, persistently <br />high interest rates are just one of the major <br />hurdles the world's economies face.<br />Another major factor is reportedly <br />the collapse of banks in both <br />the United States and Europe. .<br />Another major factor is reportedly <br />the collapse of banks in both <br />the United States and Europe. .<br />Meanwhile, deepening geopolitical divisions, across the globe present another, major threat to financial stability.
