IMF chief: A third of the world will be in recession by 2023

Georgieva, managing director of the International Monetary Fund (IMF), predicted at the 2022 Global Annual Meeting of the International Financial Forum (IFF) on December 2 that at least one-third of the world’s countries will fall into economic recession in 2023. The situation in the region is relatively good, but it also faces many headwinds. For example, as many countries will continue to raise interest rates to fight inflation, yields will rise further in Asia as a whole, currencies will depreciate, and the crisis in Ukraine will depress European imports to Asia. need. | Related reading (China News Network)

Jocelyon

It is not the first time that the IMF has come out to warn that the world will usher in a large-scale economic recession next year. It can be seen from many warnings before and now that the IMF’s position is to call on policymakers to “stick to the end” to reduce inflation and stabilize the economy. From this, it may be seen that the IMF supports the continuation of interest rate hikes until the end deteriorating. This may be a point that cannot be ignored at the macroeconomic level.

However, the consequences of the Federal Reserve’s interest rate hikes in the past year, including the side effects of exchange rate and stock market fluctuations caused by continuous interest rate hikes, have to be taken into consideration. How to survive this global economic recession, Probably still inconclusive.

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