WASHINGTON, February 26/LabNews. The medium-term outlook for global economic growth and activity remains subdued. This is according to the International Monetary Fund's (IMF) latest report, released ahead of the G20 Finance Ministers and Central Bank Governors meeting on February 28-29 in Sao Paulo, Brazil.
“The global economy appears to be heading for a soft landing, but activity and growth prospects remain weak,” it stated.
“Medium-term growth prospects remain subdued – reflecting long-term trends and challenges, including weak productivity growth, aging, geopolitical fragmentation, and climate vulnerabilities. These trends also undermine income convergence and increase the vulnerability of economies to external shocks,” IMF experts added.
