IMF Warns, That an Age of Greater, Instability Is Approaching.
'The Guardian' reports that the International Monetary Fund (IMF) warns that the world faces a growing risk of a recession and a "fundamental shift" away from stability.
'The Guardian' reports that the International Monetary Fund (IMF) warns that the world faces a growing risk of a recession and a "fundamental shift" away from stability.
That loss of stability includes a breakdown
of international relations amid more
powerful and frequent natural disasters.
That loss of stability includes a breakdown
of international relations amid more
powerful and frequent natural disasters.
The IMF's managing director, Kristalina Georgieva, said
a string of economic shocks have unleashed persistently
high inflation and prompted a global cost-of-living crisis.
Georgieva said the impact of COVID, Russia's invasion
of Ukraine and worsening climate disasters is being
exacerbated by a fragmented geopolitical landscape.
Georgieva said the impact of COVID, Russia's invasion
of Ukraine and worsening climate disasters is being
exacerbated by a fragmented geopolitical landscape.
Georgieva said the impact of COVID, Russia's invasion
of Ukraine and worsening climate disasters is being
exacerbated by a fragmented geopolitical landscape.
We are experiencing
a fundamental shift
in the global economy, Kristalina Georgieva, IMF managing director, via 'The Guardian'.
According to Georgieva, this means , “greater uncertainty, higher economic volatility,
geopolitical confrontations, and more frequent and
devastating natural disasters – a world in which any country
can be thrown off course more easily and more often.”.
According to Georgieva, this means , “greater uncertainty, higher economic volatility,
geopolitical confrontations, and more frequent and
devastating natural disasters – a world in which any country
can be thrown off course more easily and more often.”.
According to Georgieva, this means , “greater uncertainty, higher economic volatility,
geopolitical confrontations, and more frequent and
devastating natural disasters – a world in which any country
can be thrown off course more easily and more often.”.
As a result, the IMF has downgraded growth
projections for a third time, bringing 2022's
forecast down to 3.2% and 2023's down to 2.9%.
As you will see in our updated
World Economic Outlook next week,
we will downgrade growth for next year.
And we will flag that the risks
of recession are rising, Kristalina Georgieva, IMF managing director, via 'The Guardian'.
As you will see in our updated
World Economic Outlook next week,
we will downgrade growth for next year.
And we will flag that the risks
of recession are rising, Kristalina Georgieva, IMF managing director, via 'The Guardian'.
Between now and 2026,
global output is expected
to lose as much as $4 trillion.
According to the IMF, about one-third
of countries are expected to experience
a recession in either 2022 or 2023