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IMF: Nearly one-third of world economy faces recession in 2023

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Annabelle
Annabelle
I am Annabelle Sampson and I work for The News Dept as an author for their news department. My main focus is on economy news, but I also cover other topics such as business, finance, and current affairs. My writing has been featured in prominent publications such as The Wall Street Journal, Forbes Magazine, and the Financial Times. I have a passion for learning more about economic trends and understanding how they affect businesses of all sizes. To stay up to date with the latest developments in the field of economics, I make sure to keep track of reliable sources like Bloomberg News or Reuters. In addition to my writing work, I often provide consultation services related to economic matters for clients both large and small.
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Nearly one-third of the global economy will face a recession in 2023 with inflation falling significantly. This was announced by Kristalina Georgieva, Managing Director of the International Monetary Fund (IMF).

The head of the IMF spoke at the joint press conference held after German Chancellor Olaf Scholz met with representatives of international organizations in Berlin. Georgieva pointed to the expected low growth rates of the global economy in 2023.

He also noted that the IMF predicts longer inflation. It will gradually decrease and reach 6.5% next year.

Georgieva stressed the need to diversify supply chains. She warned that international trade should not be left to chance.

Source: Riafan

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