International Monetary Fund Managing Director Kristalina Georgieva has said that the global economy has proven remarkably resilient to multiple shocks, but has yet to overcome a combination of weak growth and sticky inflation.The IMF’s projection of 2.8 percent global growth for 2023 “is not enough to bring opportunities to businesses and people around the world, and most worrisome is the projection for weak growth over a longer period of time,” Georgieva told a news conference at the IMF and World Bank meetings in Washington on Thursday.The IMF on Tuesday warned that a major new flare-up of banking system turmoil that choked off lending and sparked a rush into safe-haven assets could slam global growth back to 1 percent, throwing many economies into recession and putting considerable stresses on emerging market economies.
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