Christalina Georgiava, IMF Director, warns of global economy in 2023 will be worse than 2022 This is due to the fact that major economies such as the US, EU and China slow down simultaneously.
Christalina Georgiava, IMF Director, warns of global economy in 2023 will be worse than 2022 This is due to the fact that major economies such as the US, EU and China slow down simultaneously.
The managing director of the International Monetary Fund (IMF) said on CBS’ Face the Nation report that “This year’s economy will be heavier than last year because all three of the world’s largest economies – the US, the European Union (EU) and China – are slowing down at the same time.”
This warning of Mrs. Georgiava It came following October that the IMF lowered its 2023 global economic growth forecast, citing the impact of the war in Ukraine. pressure from inflation and the policy of raising interest rates that central banks of countries such as the Federal Reserve or the Fed use to try to lower the inflation ceiling.
Recently, China has lifted its zero COVID policy. along with opening the country quite chaotically While the public and consumers continue to exercise caution. On Saturday, Chinese President Xi Jinping spoke publicly for the first time. following the cancellation of the zero covid policy in a speech on New Year’s Day Chinese leaders have called on all sides to unite. At a time when China is entering a new phase
Georgiawa, who recently traveled to China, said the number of infections is expected to skyrocket in China. likely to have an impact on China’s economy this year and sluggish economic growth in the region and the world
In October, the IMF forecast China’s economic growth of 3.2% last year and 4.4% in 2023. Interpreting a recent interview with the IMF director that The IMF is likely to revise its growth forecasts for China and the world once more soon.
