Half of the economic growth in 2023 will come from India and China.
Kristalina Georgieva, Managing Director of the International Monetary Fund, made grim predictions about global economic growth. Ninety percent of economies will see a flattening growth curve.
Why is this important?After a series of crises, countries are doing everything they can to pull their economies out of recession. The International Monetary Fund warns that 2023 will be a difficult year.
In the news: Georgieva identifies three obstacles to economic recovery.
The IMF director opened by referring to a quote from Nelson Mandela. “I have discovered the secret that after climbing a big hill one only discovers that there are many more hills to climb. The global economy noticed that, having climbed the mountain of COVID, the spectacle could not be enjoyed yet. Then came the invasion of Ukraine and inflation.
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