One-third of the world will face recession this year, IMF warns | TheCable

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One-third of the world will face recession this year, IMF warns | TheCable
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Kristalina Georgieva, managing director, International Monetary Fund (IMF), has warned that a third of the global economy will face recession this year. Georgieva spoke in an interview with CBS, an

January 2, 2023 9:38 AM

Georgieva spoke in an interview with CBS, an American broadcast television and radio network, on Sunday. The projection of the IMF boss aligns with that of Goldman Sachs, a multinational investment bank, that global economic growth will slow to 1.8 percent in 2023.for global economic growth, citing the continuing drag from the war in Ukraine as well as inflation pressures and interest rate hikes by major central banks.

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