May 18, 2024

Report Wire

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IMF warns of upper recession threat and darker international outlook

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The International Monetary Fund is as soon as once more decreasing its projections for international financial development in 2023, projecting world financial development decrease by USD 4 trillion by means of 2026.

Kristalina Georgieva, managing director of the IMF, informed an viewers at Georgetown University on Thursday that “things are more likely to get worse before it gets better”.

Georgieva mentioned the establishment downgraded its international development projections already thrice, to three.2 per cent for 2022 and now 2.9 per cent for 2023.

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