The director general of the International Monetary Fund (IMF), Kristalina Georgieva, warned that a third of the world economy will be in recession this year, including half of the European Union.
“For most of the world [2023] It will be a difficult year, more difficult than the one we left behind”, since the three big economies – the United States, the European Union and China – “are slowing down simultaneously”, said Kristalina Georgieva, in an interview with CBS.
The director-general forecasts that half of the countries in the European Union, whose economies were “badly hit” by the war in Ukraine, will enter a recession in 2023.
Kristalina Georgieva sees, on the other hand, the US economy as more “resilient”, showing confidence that the country can help “sustain the world in a very difficult year”.
Regarding China, the official says that the effects of its ‘covid zero’ policy will make its economic growth “equal to or less” than world growth, causing a negative impact on its economy, that of the region and the world in general.
Source: TSF
