IMF issues dire warning ...News

Kristalina Georgieva says a third of the world economy will be hit by recession in 2023 This year is expected to be even “tougher” than 2022 as the US, EU and Chinese economies slow down, according to the head of the International Monetary Fund (IMF). The Ukraine conflict, soaring prices, hiked interest rates and unrelenting Covid in China will continue to exert an impact on the global economy, Kristalina Georgieva told CBS’ Face the Nation program on Sunday. “We expect one-third of the world economy to be in recession. Even countries that are not in recession, it would feel like recession for hundreds of millions

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