Posted on 07/06/2022 11:42:01 AM PDT by RomanSoldier19
The head of the International Monetary Fund (IMF) on Wednesday said the outlook for the global economy had "darkened significantly" since April and she could not rule out a possible global recession next year given the elevated risks.
IMF Managing Director Kristalina Georgieva told Reuters the fund would downgrade in coming weeks its 2022 forecast for 3.6 per cent global economic growth for the third time this year, adding that IMF economists were still finalizing the new numbers.
The IMF is expected to release its updated forecast for 2022 and 2023 in late July, after slashing its forecast by nearly a full percentage point in April. The global economy expanded by 6.1 per cent in 2021.
"The outlook since our last update in April has darkened significantly," she told Reuters in an interview, citing a more universal spread of inflation, more substantial interest rate hikes, a slowdown in China's economic growth, and escalating sanctions related to Russia's war in Ukraine.
"We are in very choppy waters," she said. Asked if she could rule out a global recession, she said, "The risk has gone up so we cannot rule it out."
(Excerpt) Read more at channelnewsasia.com ...
(global recession)
They spelled ‘Global Depression’ incorrectly.
The world will be fortunate if it is not a Depression. Everything Biden/DS and the Globalists around the world are doing is disastrous.
IMF Managing Director Kristalina Georgieva told Reuters the fund would downgrade in coming weeks its 2022 forecast for 3.6 per cent global economic growth for the third time this year, adding that IMF economists were still finalizing the new numbers.
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Spit shinning a sneaker isn’t easy.
Yep.
You will have mail in a few minutes.
It is their PLAN!!!
I thought the counter-argument to simply removing 0’s from the currency was that everyone else couldn’t do it at the same time?
A global economic crisis ? No. Someone, somewhere is doing just fine. Knowing our luck and recent news it’ll be Uganda.
does that mean he hasn’t ruled out manufacturing one?
or he simply can’t stop now it from happening...
Anyone tell Biden?
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