This year will be difficult, but as long as people have jobs, the economy will survive, the head of the fund believes.
Despite the fact that difficult times in the global economy continue, the International Monetary Fund does not plan to lower again the forecast for global economic growth in 2023, which is currently 2.7%. This was announced on Thursday, January 12, by IMF Executive Director Kristalina Georgieva in Washington.
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According to him, 2023 will be another difficult year for the global economy, and it will not be possible to beat inflation, however, unless unforeseen events occur, the forecasts do not need to worsen.
The head of the IMF emphasized that the current world is more prone to crises, and the world community should be prepared for unexpected risks, in particular, climate disasters, strong attacks in cyber, or an escalation of Russia’s war in Ukraine, for example. , in connection with the possible use of nuclear weapons.
IMF chief: Fears of rising oil prices have not materialized
Georgieva noted that fears about rising oil prices have not materialized, and labor markets are showing stability.
“The positive news is the stability of labor markets. As long as people have jobs, they spend money, despite high prices … And this has helped the economy,” Reuters quoted Georgieva as saying .
On October 11, the IMF lowered its forecast for global economic growth in 2023 from 2.9% to 2.7%.
“In short, the worst is yet to come, and for people, 2023 will be seen as a recession,” Pierre-Olivier Gourins, director of the IMF’s Research Department, said at the time.
A source: Russian Service DW
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Source: korrespondent
I’m Liza Grey, an experienced news writer and author at the Buna Times. I specialize in writing about economic issues, with a focus on uncovering stories that have a positive impact on society. With over seven years of experience in the news industry, I am highly knowledgeable about current events and the ways in which they affect our daily lives.