WASHINGTON, February 26/LabNews. The medium-term outlook for global economic growth and economic activity remains weak. This is according to the latest report from the International Monetary Fund (IMF), which was released ahead of the meeting of G20 finance ministers and central bank governors on February 28 and 29 in Sao Paulo, Brazil. "The global economy appears to be on track for a soft landing, but activity and growth prospects remain weak," it states. "Medium-term growth prospects remain subdued – reflecting longer-term trends and challenges, including weak productivity growth, aging, geoeconomic fragmentation, and climate vulnerabilities. These trends also undermine income convergence and increase economies' vulnerability to external shocks," the IMF experts added.