Heads Of The IMF And World Bank Warn (Again) Of A Rising Risk Of A Global Recession

 

Bloomberg: IMF, World Bank Warn of Increasing Risk of Global Recession 

(Bloomberg) -- The heads of the International Monetary Fund and World Bank warned of a rising risk of a global recession as advanced economies slow and faster inflation forces the Federal Reserve to keep raising interest rates, adding to the debt pressures on developing nations. 

In the US, the world’s largest economy, the labor market is still very strong but is losing momentum because the impact of higher borrowing costs is “starting to bite,” IMF Managing Director Kristalina Georgieva said Monday. 

The euro zone is slowing as natural gas prices soar, as is China due to Covid-19 disruptions and volatility in the housing sector. The IMF calculates that about one-third of the world economy will have at least two consecutive quarters of contraction this year and next, and that the lost output through 2026 will be $4 trillion.  

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WNU Editor: The IMF and the World Bank are not the only ones who are raising concerns abut a global recession .... ‘This is serious’: JPMorgan’s Jamie Dimon warns U.S. likely to tip into recession in 6 to 9 months (CNBC).

 Heads Of The IMF And World Bank Warn (Again) Of A Rising Risk Of A Global Recession  

World Bank's Malpass, IMF's Georgieva see rising risks of global -- Reuters  

IMF, World Bank leaders warn of growing risk of global recession -- The Hill  

IMF and World Bank warn of recession next year -- RTE  

$6.4 trillion hole: IMF, World Bank warn of global recession -- The AGE  

Global economy faces recession in 2023 say heads of IMF and World Bank -- TASS