Reported about 1 month ago
During the IMF and World Bank annual meetings, Managing Director Kristalina Georgieva cautioned that the global economy is at risk of a low-growth, high-debt scenario, leading to dissatisfaction among populations. She highlighted the potential for governments to struggle with fewer resources to address opportunities and climate challenges, as global GDP growth is projected to decline and governmental debt exceeds $100 trillion. Georgieva also pointed out that while a 'soft landing' is possible, the sense of economic well-being remains low, exacerbated by challenges including pressures in the U.S. and weakening growth prospects in countries like China.
Source: YAHOO