Global economic growth is expected to average around 3.1 percent in the next five years, below the pre-pandemic level of 3.7 percent, according to an International Monetary Fund official. The IMF projects that countries in the Middle East will show future financial resilience. Nigel Clarke, deputy managing director of the IMF, emphasized the need for structural reforms to boost productivity and ensure medium-term growth. He also highlighted the importance of innovation, technological advancements, and investments in research and development for productivity growth. The IMF has created a new Advisory Council on Entrepreneurship and Growth to help countries develop ideas to boost innovation.