The head of the IMF announced the chance to avoid a global recession

Georgieva has repeatedly spoken about the risk of a global recession in 2023. Now, she said, if CHINAwill continue to ease anti-COVID restrictions, and the conflict in Ukraine “will not get worse”,recession can be avoided

Global economic growth will start to recover at the end of 2023, and the world is likely to avoid a global recession. This was stated by the DIRECTOR of the International Monetary Fund (IMF) Kristalina Georgieva.

According to her, positive factors for the global economy in 2023 could be continued easing of restrictions on covid-19 in China, as well as “not aggravating” the conflict in Ukraine.

Despite the optimistic outlook, Georgieva warned that it would be a "tough year" and that the global economy still "remains fragile." As for the US economy , then, according to the HEAD of the IMF, this year it expects a slight decline or a mild recession.

The head of the IMF predicted a recession in the EU and a slowdown in the global economy Economy

Earlier, Georgieva repeatedly warned that many countries, including the EU and the US, could face a recession in 2023. This was also stated by experts from the Center for Economic and Business Research (CEBR). “It is likely that the global economy will face a recession next year as a result of higher interest rates in response to higher inflation,” Kay Daniel Neufeld, director and head of forecasting at CEBR, told BLOOMBERG.

In 2022, the global economy experienced an inflationary shock on a scale not seen since the early 1970s, the authors of the CEBR forecast say. Supply chain disruptions caused by the COVID-19 epidemic and changing consumer demand patterns in 2021 led to problems, to which 2022 added an increase in energy prices due to sanctions against RUSSIA. The effects of this shock are felt all over the world, but especially the rise in energy prices has affected the European economies.

On January 10, the World Bank forecast global growth to slow to 1.7% in 2023 from its previous forecast of 3% and warned of a "crisis" emerging economies will face.

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