HomeNewsNewsRisk of recession rising as Russian invasion of Ukraine, inflation hit global economy, IMF warns

Risk of recession rising as Russian invasion of Ukraine, inflation hit global economy, IMF warns

The International Monetary Fund lowered its economic forecast again for 2023, saying countries making up one-third of the world’s economy will see at least two quarters of contraction this year or next as Russia’s invasion of Ukraine disrupts global markets.

Kristalina Georgieva, managing director of the IMF, told an audience at Georgetown University on Thursday that “things are more likely to get…

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