Christalina Georgiava, director of the IMF, warns that the global economy in 2023 will be worse than 2022 This is due to the fact that major economies such as the US, EU and China slow down simultaneously.
Christalina Georgiava, director of the IMF, warns that the global economy in 2023 will be worse than 2022 This is due to the fact that major economies such as the US, EU and China slow down simultaneously.
The managing director of the International Monetary Fund (IMF) said in CBS’s Face the Nation report “This year’s economy will be heavier than last year because all three of the world’s largest economies – the United States, the European Union (EU) and China – are slowing down at the same time.”
This warning from Ms. Georgiava came after the IMF lowered its forecast of global economic growth for 2023 in October, citing the impact of the war in Ukraine. pressure from inflation and the policy of raising interest rates that central banks of countries such as the Federal Reserve or the Fed use to try to lower the inflation ceiling.
Recently, China rescinded its zero COVID policy. along with the country opening up quite chaotically While the public and consumers continue to exercise caution. On Saturday, Chinese President Xi Jinping spoke publicly for the first time. after the cancellation of the zero covid policy in a speech on New Year’s Day Chinese leaders called on all parties to unite. At a time when China is entering a new phase
Georgiawa, who recently traveled to China, said the number of infections is expected to skyrocket in China. likely to impact China’s economy this year and slow economic growth in the region and the world
In October, the IMF forecast China’s economic growth of 3.2% last year and 4.4% in 2023. Interpreting a recent interview with the IMF director that the IMF is likely to revise its forecasts soon of growth for China and the world.
