World economy not doing as badly as feared, IMF chief says

The global economy is doing better than expected, even as it faces prolonged uncertainty and underwhelming medium-term growth prospects, the head of the IMF said Wednesday. Against this backdrop, the Fund still expects global growth to remain at roughly three percent over the medium term, in line with previous forecasts -- below the 3.7 percent, on average, seen before the Covid-19 pandemic.

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