IMF warns of weak global growth outlook and potential economic costs of US-China tensions.

The International Monetary Fund (IMF) has warned that the world economy is set for its weakest near-term growth since 1990, with global growth expected to expand less than 3% this year due to rising geopolitical tensions and still-high inflation. The IMF projects global growth to remain around 3% over the next five years, the lowest medium-term growth forecast since 1990 and well below the average of 3.8% from the past two decades. IMF Managing Director Kristalina Georgieva called for international cooperation to boost global trade and urged central banks to address financial stability risks when they emerge through appropriate provision of liquidity.