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Tough Year Ahead as IMF Cuts Growth, Projects Recession

oktober 16, 2022by Reacties uitgeschakeld voor Tough Year Ahead as IMF Cuts Growth, Projects Recession

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Washington – The International Monetary Fund (IMF) had bad news for the global economy this past week. It lowered the global growth rate to 2.7% for next year, warned of sovereign defaults on debts, and forecast recession and gloom for markets.

“It is tough, but we can deal with these challenges,” Kristalina Georgieva, managing director of the IMF, told an audience at the weeklong annual meeting of the IMF and Wo

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