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Global economy faces tougher year, warns IMF chief


January 2, 2023

WASHINGTON: For much of the global economy, 2023 is going to be a tough year as the main engines of global growth — the United States, Europe and China — all experience weakening activity, the head of the International Monetary Fund said on Sunday. The new year is going to be “tougher than the year we leave behind,” IMF Managing …

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Global economy faces tougher year, warns IMF chief


January 2, 2023

WASHINGTON: For much of the global economy, 2023 is going to be a tough year as the main engines of global growth — the United States, Europe and China — all experience weakening activity, the head of the International Monetary Fund said on Sunday. The new year is going to be “tougher than the year we leave behind,” IMF Managing …

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World heading to recession, warns IMF chief


March 25, 2020

WASHINGTON: International Monetary Fund (IMF) President Kristalina Georgieva warned on Tuesday that she expects a global recession this year due to the Coronavirus (Covid-19) outbreak. In a statement released by her office in Washington, the IMF chief said that since the breakout, 80 countries had sought help from the Fund to cope with its consequences. The statement followed a meeting …

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