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“Blemish” forecasts for the IMF: The world is on a date with recession 2022-07-07 01:30 Shafaq News/ The Director of the International Monetary Fund, "Kristalina Georgieva", did not rule out a global recession next year, in light of the current huge risks, and said in a press statement today, Thursday, that the outlook for the global economy has "worsened a lot" since April. According to "Gorgieva", the Fund will reduce in the coming weeks its forecast for a growth of 3.6% in the global economy for the third time this year, adding that the economists in the Fund are still preparing the final new ratios. The International Monetary Fund is expected to publish its updated forecasts for 2022 and 2023 in late July, after it reduced its forecast by nearly 1% last April, and the global economy had achieved growth in 2021 by 6.1%. "The outlook since our last update in April has become significantly bleak," Georgieva said, pointing to a larger spread of global inflation, more significant interest rate increases, slowing economic growth in China, and escalating sanctions related to the Russian war. in Ukraine. "We are in the midst of choppy waves," she added. In her response to the possibility of ruling out a global recession, the fund manager said, "The risks are increasing, so we cannot rule it out." She added that recent economic data showed that some large economies, including those of China and Russia, contracted in the second quarter, indicating that risks may be higher in 2023. And she continued, "The year 2022 will be difficult, but the year 2023 may be more difficult. The risks of recession increased in 2023."
