IMF Warns Five-Year Global Growth Outlook Weakest Since 1990 (1)

The International Monetary Fund warned that its outlook for global economic growth over the next five years is the weakest in more than three decades, urging nations to avoid economic fragmentation caused by geopolitical tension and take steps to bolster productivity.

The emergency lender sees the world economy expanding about 3% over the next half decade as higher interest rates bite, Managing Director Kristalina Georgieva said in a speech in Washington Thursday. That’s the lowest medium-term growth forecast since 1990 and less than the five-year average of 3.8% from the past two decades.

For 2023, global gross domestic product will ...