scorecardresearch
Sunday, Dec 04, 2022

IMF warns of higher recession risk and darker global outlook

The institution downgraded its global growth projections already three times, to 3.2 per cent for 2022 and now 2.9 per cent for 2023.

International Monetary Fund Managing Director Kristalina Georgieva speaks on the global economic outlook and key issues to be addressed at this month's IMF and World Bank Annual Meetings, at Georgetown University in Washington, Thursday, Oct. 6, 2022. (AP Photo/J. Scott Applewhite)

The International Monetary Fund is once again lowering its projections for global economic growth in 2023, projecting world economic growth lower by USD 4 trillion through 2026.

Kristalina Georgieva, managing director of the IMF, told an audience at Georgetown University on Thursday that “things are more likely to get worse before it gets better”.

Georgieva said the institution downgraded its global growth projections already three times, to 3.2 per cent for 2022 and now 2.9 per cent for 2023.

Subscriber Only Stories
This Gujarat election may be most significant for the inroads made by AAPPremium
Venba: A video game about a South Indian immigrant’s story one recipe at ...Premium
Baramati not for taking: Supriya Sule seeks to make her point via Mumbai ...Premium
The Neu Air India Flight PathPremium

First published on: 06-10-2022 at 08:35:05 pm
Next Story

Karthikeya 2 has helped me reach new audiences: Nikhil Siddhartha

Latest Comment
Post Comment
Read Comments
Advertisement
Advertisement
Advertisement
Advertisement
close