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WASHINGTON (AP) — Global growth will see a slight improvement compared to previous International Monetary Fund projections but “many challenges still cloud the horizon, and it is too early to celebrate,” the organization’s chief economist said Tuesday.IMF economist Pierre-Olivier Gourinchas gave his assessment as the organization projected that global economic growth will slow to an estimated 3% in 2023 and 2024, down from 3.5% in 2022. The latest projection reflects a 0.2% increase from the organization’s April projections, when IMF leadership said the world economy was expected to grow less than 3% this year, increasing the risk of hunger and poverty globally.
Pakistan’s finance minister says the International Monetary Fund has deposited the much-awaited first installment of $1.2 billion with the country’s central bank under a new bailout deal.
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