The Strategist

IMF Head predicts difficulties for global economy in 2023

03/30/2023 - 10:53

IMF Managing Director Kristalina Georgieva forecasted economic challenges in 2023.

Michael Gaida
Michael Gaida
IMF Managing Director Kristalina Georgieva stated that the IMF anticipates a challenging year for the world economy.

"For some time now, the world economy has been in an unstable situation, going through shock after shock. We anticipate that 2023 will be a challenging year," she said during speech given by the IMF head at the Boao Asia Forum in China.

The rate of global GDP growth, which is anticipated to be less than 3% in 2023, is still being impacted by the effects of the conflict in Ukraine and the tightening of monetary policies around the globe, according to Georgieva.



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