Recession in 2023
According to the International Monetary Fund’s (IMF) chief, this year will see a third of the world’s economy in a recession.
Recession in 2023
As the economies of the US, EU, and China slump, 2023 will be “tougher” than last year, according to Kristalina Georgieva.
The global economy is currently being weighed down by the conflict in Ukraine, rising costs, higher interest rates, and the expansion of Covid in China.
The IMF revised down its forecast for 2023 global economic growth in October.
Recession in 2023
For hundreds of millions of people, it would feel like a recession even in nations that are not experiencing one, she continued.
An economist at Moody’s Analytics in Sydney named Katrina Ell provided the BBC with her analysis of the global economy.