Kristalina Georgieva, economic recession is near.. IMF chief warns! – IMF chief Kristalina Georgieva warns recession will hit one third of the world in 2023

Already for the past few months there have been fears of a global economic recession. Various problems such as inflation, loss of employment are persisting globally.

International Monetary Fund (IMF) President Kristalina Georgieva has said that by 2023, one-third of the global economy will experience recession. He said that 2023 will be a more difficult year than last year, and the growth rate of economies in the United States, European Union and China will slow down.

Since the war between Ukraine and Russia started last year, crude oil prices have risen internationally and inflation has skyrocketed. Later, interest rates were raised in various countries including India and America to control inflation.

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After this, fearing a recession, many companies laid off employees to cut costs. Fears of a global recession in the coming months have not abated.

The tension between Ukraine and Russia has been going on for more than 10 months. On the other hand, the spread of corona virus has increased in China. In this context, the head of the International Monetary Fund, Kristalina Georgieva, has said that she expects one-third of the world economy to be in recession.

He also said that the year 2023 will be difficult as the economies of the United States, European Union and China will slow down. He said that even in countries where there is no economic recession, economic recession can be felt by millions of people.

Corona restrictions have been eased in China. Kristalina Georgieva has said that the next few months will be difficult for China and the growth in China will be negative, which will have a negative impact on the global economic growth as well.