International Monetary Fund Managing Director Kristalina Georgieva on Thursday warned that China's annual economic growth could drop to "way below" 4% unless it executes reforms to lift domestic consumption.

The world economy, buffeted by conflict and growing geopolitical rivalries, is in danger of getting stuck in a slow-growth, high-debt rut, the head of the International Monetary Fund warned Thursday.

IMF Managing Director Kristalina Georgieva cautioned that the world risks being trapped in a low-growth, high-debt scenario, leaving governments with fewer resources to tackle economic opportunities and climate change.

International Monetary Fund Managing Director Kristalina Georgieva warned on Thursday that the world is in danger of becoming mired in a low-growth, high-debt path that will leave governments with fewer resources to improve opportunities for their people and tackle climate change and other challenges.

The International Monetary Fund (IMF) has issued a serious warning regarding the potential escalation of trade tensions between the US and China. According to Gita Gopinath, Deputy Managing Director of the IMF,

IMF Managing Director Kristalina Georgieva plans to visit Egypt to assess its economic struggles and emphasize the importance of economic reforms. Egypt's IMF loan program expanded to $8 billion due to impacts from regional conflicts and a major loss in Suez Canal revenues.