The chance of global growth Projection below 2% – last Seen during the COVID-19 pandemic and global financial crisis of 2009 – It is increasing as major economies slow down, the head of the International Monetary Fund, Kristalina Georgieva, warned Thursday.
Her comments come as the world’s largest economies grapple with The fallout from Russia invasion of Ukraine, which caused a rise in food and energy prices with Inflation rising and slowing in China.
“Prospect of growth The slower the more, the lower below 2% was one in Georgieva said at the next Reuters conference on Thursday, “referring to the fund’s latest forecasts for 2023.
“When we look at the latest indicators, so are we concerned That possibility might go a little further up,” she added.
The International Monetary Fund expects more of the third of The global economy to cut back on this year or nextand with The United States, the European Union and China stall.
that it also concerned about “synchronous deceleration in United State, in Europe and in China,” Georgieva said, adding that the slowdown growth in China is of particular importance.
This is worrying given that world I depend on China for Paid, with About 35%, 40% of global growthComing from expansion in The world is bigger second economy.
“That is not the case now, it will not be the case next yearshe said.
International Monetary Fund set to me give a update on its economic outlook in January, which is among key global Institutions to visit China next week for talks. According to World Bank figures, the global economy down 3.3% in 2020 and 1.3% in 2009.
