Mumbai, Feb. 3 -- International Monetary Fund (IMF) Managing Director Kristalina Georgieva has noted that the world is undergoing profound shifts in geopolitics, trade policy, technology, and demographics. These shifts are converging to create enormous uncertainty. Fortunately, global growth has held up remarkably well amid these changes. But this global resilience will continue to be tested in the months and years to come.
The world economy is projected to grow 3.3 percent this year and 3.2 percent next year, supported by the agility of the private sector, accommodative financial conditions, and sustained reforms, especially in emerging markets. Inflation is expected to fall to 3.8 percent this year and 3.4 percent by 2027, helped by soft...