The International Monetary Fund revealed that global growth expectations in the medium term are the weakest in decades, pointing out that weak global growth has harmed all countries, and has had negative, particularly worrying repercussions on emerging markets and developing economies.
Fund Director Kristalina Georgieva said: Developing economies and emerging markets may take 130 years to close half the gap in per capita income with advanced economies.
She added: The global growth outlook in the medium term is the weakest in decades, but the major economies in the G20 may boost growth expectations if they cooperate to confront climate change, avoid trade restrictions, and adopt artificial intelligence principles around the world.
The Fund Director called on the major economies to move on a large scale to rebuild the momentum of reforms after years of facing crises.
Georgieva expected that in 2024, the global economy would grow by 3.1%, inflation would decline, and labor markets would consolidate.
Brazil, which holds the presidency of the G20 this year, noted that inequality, international taxes, and financing sustainable development will be the focus of discussions between the finance ministers and central bank governors of the G20, who will meet today, Wednesday.
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:quality(85)/cloudfront-us-east-1.images.arcpublishing.com/infobae/HMASJDOAG5HQZOO2JXNWPNJBLU.jpg?w=150&resize=150,150&ssl=1 "The International Monetary Fund says AI will affect 40% of jobs: “Your job could disappear or you could be more productive”")
