Global economy heading for weakest period of growth since 1990, says IMF Chief Kristalina Georgieva
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The global economy is heading for the weakest period of growth since 1990 as higher interest rates set by the world's top central banks drive up borrowing costs for households and businesses, the head of the International Monetary Fund has warned, a media outlet reported. Kristalina Georgieva, the IMF's managing director, said that a sharp slowdown in the world economy last year after the aftershocks of the Covid pandemic.
