- by foxnews
- 27 Nov 2024
War in Ukraine could cause recession in weaker economies, IMF boss warns
War in Ukraine could cause recession in weaker economies, IMF boss warns
- by theguardian
- 24 May 2022
- in news
2.0 k views
The head of the International Monetary Fund (IMF) has said the war in Ukraine has darkened the outlook for the global economy and could result in recession for more vulnerable countries.
Kristalina Georgieva predicted that 2022 would be a tough year and declined to rule out a global recession if conditions worsened markedly.
The IMF managing director said her organisation had recently downgraded the growth prospects for 143 of its member states, which represent 80% of global output.
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