IMF anticipates a tough year for the global economy

IMF chief Kristalina Georgieva

According to IMF estimates, the global economy is likely to grow by 2.7 percent in 2024.

(Photo: dpa)

new York The International Monetary Fund is expecting an economically difficult year in 2023. The new year will be more difficult than the old one, said IMF boss Kristalina Georgieva on Sunday on the US broadcaster CBS. “Why? Because the three most important economic areas – the USA, EU and China – are weakening at the same time.” She assumes that half of the EU countries will be in recession in 2023, and it will be a third worldwide.

Georgieva had already said at the beginning of December that the prospects for the global economy were becoming increasingly gloomy. The probability that growth will be below two percent in 2023 is increasing. She pointed to the continuing burdens of the war in Ukraine, which, among other things, has driven up energy prices.

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