Global Economy IMF Chief Expects Global Economy Forecast Of 2.7 Percent Know Details

World Economy in 2023: The year 2023 is going to be very important in terms of economy. Due to the Corona epidemic and the Russia-Ukraine war, the economy of the whole world has been badly affected. The International Monetary Fund (IMF) has already warned that in the year 2023, one-third of the world’s economy may be in the grip of recession. Now IMF Managing Chief Kristalina Georgieva has said that the global economy will grow at a rate of 2.7 percent from the year 2023. Along with this, the IMF has not made any change in its earlier estimate. The International Monetary Fund expects that the global economy is likely to grow by 2.3 percent due to control of oil prices and strength in the labor market.

The year 2023 will be ‘difficult’ for the global economy

IMF Managing Director Kristalina Georgieva has also warned that the year 2023 is going to be very ‘difficult’ for the world economy. Inflation is going to be difficult for countries around the world even in the year 2023. Along with this, the IMF chief has said that if people have jobs in the year 2023, then they will continue to spend money to buy goods and a boom can be seen in the post-inflation global economy. Along with this, he said that the IMF is not seeing any major decline in the world economy in the coming days. This is good news.

The world economy suffered a setback due to Corona in China

Along with this, the IMF chief said that in the year 2022, the second largest economy in the world, China, contributes 35 to 40 percent to the global economy. In the year 2022, due to Corona in China, the situation started getting worse. Due to this, its bad effect has been seen on China’s GDP. Along with this, he said that the world’s largest economy America will also see some effect of recession, but the country will not technically enter into recession.

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