The global real Gross Domestic Product (GDP) is forecast to expand at an annual rate of about 3% over the next five years, International Monetary Fund Managing (IMF) Director Kristalina Georgieva said on Tuesday. Georgieva noted that this projection is well below the historical average of 3.8%.
"Governments need to pursue fiscal tightening to create fiscal space and to help with fight against inflation," she added, per Reuters.
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