IMF Warns of Higher Recession Risk and Darker Global Outlook

[Epoch-Times-Bot]

IMF Warns of Higher Recession Risk and Darker Global Outlook

WASHINGTON—Two principal economists painted very different pictures Thursday of what the global economy will look like in the coming years.
Kristalina Georgieva, managing director of the International Monetary Fund, told an audience at Georgetown University on Thursday that the IMF is once again lowering its projections for global economic growth in 2023, projecting world economic growth lower by $4 trillion through 2026.
“Things are more likely to get worse before it gets better,” she said, adding that Ukraine’s conflict that began in February has dramatically changed the IMF’s outlook on the economy. "The risks of recession are rising," she said, calling the current economic environment a "period of historic fragility."...

Source: IMF Warns of Higher Recession Risk and Darker Global Outlook

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