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The director general of the International Monetary Fund (IMF), Kristalina Georgieva, warned that a third of the world economy will be in recession this year, including half of the European Union.
“For most of the world [2023] will be a difficult year, more difficult than the one we left behind”, as the three big economies – the United States, the European Union and China – “are slowing down in simultaneous,” said Kristalina Georgieva, in an interview with CBS.
The Director-General predicts that half of the countries of the European Union, whose economy was “severely hit” by the war in Ukraine, will enter a recession in 2023.
Kristalina Georgieva sees, on the other hand, the US economy as more “resilient”, showing confidence that the country can help to “sustain the world in a very difficult year”.
