3 reasons risk of global recession in 2023 has increased
October 18, 2022
A global recession is looming in 2023. But why?
Speaking to Ian Bremmer on GZERO World, IMF Managing Director Kristalina Georgieva offers three reasons.
First, all the big economies — the US, China, and the Eurozone — are slowing down at the same time.
Second, inflation shows no signs of abating.
Third, the world is becoming more fragmented, which Georgieva says makes it harder to find solutions to common problems.
Watch the GZERO World episode: Can the world avoid a global recession?
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