The head of the International Monetary Fund (IMF), Kristalina Georgieva, does not exclude the onset of a global recession in 2023.
"The outlook since our last update in April has darkened significantly," she told Reuters in an interview.
Among the global economic problems, Kristalina Georgieva named the spread of inflation, the slowdown in China's economic growth and sanctions against Russia.
As Georgieva noted, in the coming weeks, the IMF for the third time this year will lower its forecast for global economic growth for the current year. The exact figure has yet to be clarified by the fund's experts. In April, the IMF lowered its forecast from 4.4 percent (January forecast) to 3.6 percent. New forecasts for 2022 and 2023 are expected in the second half of July. Last year, the world economy grew by 6.1 percent.