IMF Managing Director Says She ‘Cannot Rule Out’ Possible Global Recession

CNBC/Reuters: IMF chief Georgieva says she ‘cannot rule out’ possible global recession 

* The head of the International Monetary Fund on Wednesday said the outlook for the global economy had “darkened significantly” since April and she could not rule out a possible global recession next year given the elevated risks. 

* IMF Managing Director Kristalina Georgieva told Reuters the fund would downgrade in coming weeks its 2022 forecast for 3.6% global economic growth for the third time this year. 

* “It’s going to be a tough ’22, but maybe even a tougher 2023,” she said. “Recession risks increased in 2023.” 

The head of the International Monetary Fund on Wednesday said the outlook for the global economy had “darkened significantly” since April and she could not rule out a possible global recession next year given the elevated risks. 

IMF Managing Director Kristalina Georgieva told Reuters the fund would downgrade in coming weeks its 2022 forecast for 3.6% global economic growth for the third time this year, adding that IMF economists were still finalizing the new numbers.  

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Update: IMF sounds global economic alarm (RT).  

WNU Editor: Global inflation and harmful monetary and financial national policies (i.e. the EU and the US), coupled with Russian sanctions over the Russia - Ukraine war, is what will push the world into a global recession, impacting each country according to the tools that they have to minimize it.