IMF Says the World Fell into Recession - California Observer in California Observer

According to the International Monetary Fund’s (IMF) head, one-third of the world economy will be in recession this year.

Kristalina Georgieva said 2023 would be “tougher” than last year due to slowing economies in the United States, the European Union, and China.

The Ukraine war, rising costs, higher interest rates, and Covid’s expansion in China are all weighing on the global economy.

In October, the IMF lowered its global economic growth prediction for 2023…Read More

Source: California Observer