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The Financial Express

IMF chief sees higher chance of global growth below 2.0pc in 2023

| Updated: December 03, 2022 11:33:06


International Monetary Fund (IMF) Managing Director Kristalina Georgieva attends a news conference following a meeting at the Federal Chancellery in Berlin, Germany November 29, 2022. REUTERS/Michele Tantussi International Monetary Fund (IMF) Managing Director Kristalina Georgieva attends a news conference following a meeting at the Federal Chancellery in Berlin, Germany November 29, 2022. REUTERS/Michele Tantussi

International Monetary Fund managing director Kristalina Georgieva said on Thursday the chance of global growth falling below 2.0 per cent next year was increasing due to the continued effects of the war in Ukraine and simultaneous slowdowns in Europe, China and the United States.

Georgieva told the Reuters NEXT conference that she was particularly concerned about the slowdown in China because the world's second-largest economy has been a strong engine of global growth.

The IMF will update its economic outlook in January and the picture "has darkened recently on the basis of what we see in consumer sentiment, in investor sentiment," she said, reports Reuters. 

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