Uncertain outlook

IMF warns of geopolitical risks to world economy

The International Monetary Fund (IMF) has released its World Economic Outlook (WEO), which warns that despite a post-pandemic rebound in the early part of 2023, there are signs that growth momentum is being lost in large parts of the world. Global growth, according to the IMF, will fall to 3 per cent over the course of calendar year 2023, as against 3.5 per cent in the previous year. It is worth noting that this is well below the long-term average for global growth in the past two decades — of 3.8 per cent. Some of this is due to the