IMF head: There is a possibility of global recession in 2023


July 7, Fineko/ International Monetary Fund’s head Kristalina Georgieva does not rule out the onset of global recession in 2023.

ABC.AZ reports that Georgieva named the spread of inflation, the slowdown in China's economic growth and sanctions against Russia among the global economic problems.

The outlook has deteriorated significantly since our last update. 2022 will be a tough year, but 2023 may be harder. The risks of a recession in 2023 have increased," she said on Wednesday, July 6, in an interview with Reuters.