IMF's Georgieva: GDP f'casts worse than in April - Breaking The News

IMF's Georgieva: GDP f'casts worse than in April

23 May

1 min read

EPA-EFE/GIAN EHRENZELLER

International Monetary Fund (IMF) Managing Director Kristalina Georgieva stated on Monday that the global economic outlook has worsened since April when the IMF last made its predictions.

A global recession is not likely at the moment, but we may see a recession in "certain countries" the economies of which "were weaker, to begin with," she added during a World Economic Forum panel.

Global growth is projected to stand at 3.6% in both 2022 and 2023, according to IMF's April report.

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