IMF Managing Director Kristalina Georgieva once again brought a dose of realism to the halls of Washington, predicting a modest but stable global growth trajectory of around 3% annually. That is notably lower than the pre-pandemic average of 3.7%.
According to Georgieva, China is easing its pace, while India is confidently taking the wheel and has positioned itself as the new engine of the global economy. In other words, while some nations are slowing down, India appears ready to push the global train toward higher speeds. Though not at top speed, it is advancing at a pace well above a sluggish crawl.
In the medium term, global growth is expected to resemble a steady march rather than a sprint. The outlook calls for patience and persistence.
