The managing director of the International Monetary Fund (IMF),
Kristalina Georgieva
, warned that 2023 will be a "tougher" year than 2022 for most of the planet.
As she explained, the simultaneous slowdown in the three major markets - the United States, Europe and Asia - will cause a third of the world economy to be in recession.
In the economist's opinion, the US economy - "more resilient" - will be able to weather this storm to some extent and avoid recession, but "half of the European Union" will be in it by 2023. She also believes that the slowdown will be more pronounced in China soon.
In emerging countries with developing economies
the prediction is "even worse
".
Georgieva made these statements in an interview with
CBS
in which she acknowledged that the end of sanitary restrictions in China and the increase in Covid cases in the country is "bad news" for the world economy, at least in the short term. .
In this sense, he recalled that it seems likely that China's growth in 2022 will be at the world level, or even below it for the first time in 40 years.
Before the pandemic, the Asian giant was responsible for up to 40% of global growth and now it will not be able to do so.
In any case, they believe that the situation will improve "gradually" and that they will finish 2023 better than they started it.
The director of the IMF also pointed out that "
the world has changed dramatically
" and is more prone to these shocks.
"We no longer operate with relative predictability about what the future may bring," she noted.
Thus, the pandemic, the war in Ukraine or inflation have an aggravated impact that requires governments to take a more cautious approach.
Given this, her advice is to "act soon" and "don't wait for the problems to escalate."
In any case, Georgieva also stressed that the economy's problems do not seem enough to trigger a debt crisis, although if the list continues to grow "the world economy may be in for a bad surprise."
According to the criteria of The Trust Project
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