The International Monetary Fund (IMF) is seeing a slowdown in economic activity in the US and the euro area due to higher interest rates and expects that about 90% of developed countries will face a slowdown in growth, IMF Managing Director Kristalina Georgieva said, Report informs referring to foreign media.
“Economic activity is slowing in the US and the eurozone, where higher interest rates are weighing on demand. Around 90% of advanced economies are expected to see their growth slow this year,” she said.