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Global economy faces tougher year in 2023, IMF's Georgieva warns
![Global economy faces tougher year in 2023, IMF's Georgieva warns]()
Kristalina Georgieva: "Third of world economy to hit recession in 2023". Global economy faces tougher year in 2023, IMF's Georgieva warns
Third of world economy to hit recession in 2023.
For much of the global economy, 2023 is going to be a tough year as the main engines of global growth - the United States, Europe and China - all experience weakening activity, the head of the International Monetary Fund said
China's lagging growth a key threat this year, IMF managing director Kristalina Georgieva said, while the US is 'most resilient.'
For much of the global economy, 2023 is going to be a tough year as the main engines of global growth – the US, Europe and China – all experience weakening activity, the head of the International Monetary Fund has warned.
The new year is going to be “tougher than the year we leave behind,” IMF managing director Kristalina Georgieva said on the CBS Sunday morning news program Face the Nation on Sunday.
"Why? Because the three big economies – the US, EU and China – are all slowing down simultaneously,” she said.
“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.
