Golden Finance reported that, according to Reuters, International Monetary Fund (IMF) President Kristalina Georgieva warned on the 24th that the world faces the danger of falling into a path of low growth and high debt, which would reduce the resources available for governments to improve opportunities for their people, address climate change, and tackle other challenges. The upcoming U.S. presidential election on November 5 raises concerns that Americans, stimulated by high inflation during Democratic President Biden's administration, may allow Republican candidate Trump to return to the White House, thereby ushering in a new era of trade protectionism and potentially adding several trillion dollars to U.S. debt. The IMF stated in its latest European Economic Outlook report that an aging workforce and slow productivity growth will reduce the average annual GDP growth rate in the European continent to only 1.45% over the decade ending in 2029.