Global economy alarm issued ...News

Russia Today - Economy
Global economy alarm issued
source : Russia Today ( News ) () 43
Recession cannot be ruled out, the IMF warns The head of the International Monetary Fund (IMF), Kristalina Georgieva, said on Wednesday that the outlook for the global economy had “darkened significantly” since April. She told Reuters that a global recession next year could not be ruled out, given the elevated risks. “It’s going to be a tough ’22, but maybe even a tougher 2023,” the IMF boss warned. She cited the global spread of inflation, dramatic interest rate hikes by central banks, a slowdown in China’s growth and unprecedented sanctions against Russia among the factors affecting global economies. Georgieva i

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