Third of world economy to hit recession in 2023, IMF head warns

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Third of world economy to hit recession in 2023, IMF head warns
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China’s lagging growth a key threat this year, IMF managing director Kristalina Georgieva said, while the US is ‘most resilient.’

International Monetary Fund managing director Kristalina Georgieva warns 2023 will be a tough year for much of the global economy.International Monetary Fund managing director Kristalina Georgieva warns 2023 will be a tough year for much of the global economy.

“We expect one-third of the world economy to be in recession. Even countries that are not in recession, it would feel like recession for hundreds of millions of people,” she added. 2023 IMF PREDICTION: “We expect one-third of the world economy to be in recession,” IMF Managing Director Kristalina Georgieva tells

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