IMF Warns World Economy Will See Slowdown Next Year

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An international body is out with an economic warning amid the violence we're seeing in the Middle East. Can you tell us more? That's right. And so the International Monetary Fund has warned that the world economy is going to see a slowdown in growth next year while the world economy was on the rise and expected to see a 3% growth rate in 2024. But between the war in Ukraine and now the conflict in the Middle East, the IMF has lowered its expected growth to 2.9% at a news conference at the organization's annual meeting. IMF chief economist Pierre Olivier Green said, quote, the global economy is looming along, not sprinting end quote.