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IMF chief warns of global economy stuck in slow-growth, high-debt rut

Business Mirror LogoBusiness Mirror6d ago

IMF chief warns of global economy stuck in slow-growth, high-debt rut - Business Mirror

Quick Summary:

WASHINGTON—The world economy, buffeted by conflict and growing geopolitical rivalries, is in danger of getting stuck in a slow-growth, high-debt rut, the head of the International Monetary Fund warned Thursday.

She also urged Chinese leaders to take more decisive action to jump-start their country’s sluggish economy or risk seeing economic growth plummet.

The IMF says the world has made considerable progress to rein in inflation that surged in 2021 and 2022 as economies roared back with unexpected strength from pandemic lockdowns.


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Article Details

Author / Journalist: Paul Wiseman / AP Economics Writer

Category: BusinessStartups

Markets:

Topics:

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-10-25 @ 12:35:08 (6 days ago)

News Timezone: GMT +8:00

News Source URL: businessmirror.com.ph

Language: English

Article Length: 521 words

Reading Time: 3 minutes read

Sentences: 19 lines

Sentence Length: 28 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Business Mirror

News ID: 23239378

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About Business Mirror

Business Mirror Logo

Main Topics: BusinessStartups

Official Website: businessmirror.com.ph

Update Frequency: 71 posts per day

Year Established: 2005

Headquarters: Philippines

News Last Updated: 15 hours ago

Coverage Areas: Philippines

Ownership: Independent Company

Publication Timezone: GMT +8:00

Content Availability: Local / Regional

News Language: English

RSS Feed: Available (XML)

API Access: Available (JSON, REST)

Website Security: Secure (HTTPS)

Publisher ID: #37

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The story "IMF chief warns of global economy stuck in slow-growth, high-debt rut" was covered 6 days ago by Business Mirror, a news publisher based in Philippines.

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It's most recent story was published 15 hours ago.

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