“The outlook remains extremely uncertain,” she wrote. “It is going to be a tough 2022 – and possibly an even tougher 2023, with increased risk of recession.”
The International Monetary Fund warned it will again cut the forecast for global economic growth as impacts reverberate from Russia’s invasion of Ukraine, pandemic-related shutdowns in China and higher inflation.
The outlook for this year and next will be downgraded later this month when the IMF releases its World Economic Outlook Update, Managing Director Kristalina Georgieva wrote in a blog post published Wednesday, without providing specific figures.
