The head of the International Monetary Fund (IMF) says the global economic outlook 'has darkened significantly.' recession inflation
The head of the International Monetary Fund , Kristalina Georgieva, has warned that
She cited several factors, including a more universal spread of inflation, more substantial interest rate hikes, China’s economic growth slowdown, and mounting sanctions related to the Russia-Ukraine war. The IMF will be cutting its global growth forecast further late this month, Georgieva noted, adding that it will be the third downgrade this year.When asked about the prospect of a global recession, the IMF managing director said:“We are in very choppy waters,” she continued. Investors are becoming increasingly concerned about recession risks.
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