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The Risk of A Global Recession Has Gone Up, Says IMF Chief | GZERO World

The risk of a global recession has gone up, says IMF Chief

Kristina Georgieva, Managing Director of the International Monetary Fund, says the risk of a global recession has gone up due to three major reasons: the big global economies are slowing down, inflation is speeding up, and the world’s global order is fragmenting. She shares her perspective on the economic challenges facing the world in a conversation with Ian Bremmer on GZERO World.

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Ian Explains: The State of the Global Economy Is … Not Good | GZERO World

The state of the global economy is … not good

This year, the annual fall meetings of the World Bank and the IMF were all about global economic doom and gloom.

The IMF has cut its global growth prediction for this year by half compared to 2021. And next year will be the worst since COVID and the 2008 financial crisis.

Meanwhile, inflation is still very high — and efforts by rich countries to tame rising prices are going to hurt poor nations.

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Europe's 2023 Energy Scarcity Will Drive Green Transition | GZERO World

Europe's 2023 energy scarcity will drive green transition, says IMF chief

With soaring energy prices, Europe is headed toward a dark winter. But next year could be even worse.

If Vladimir Putin continues to weaponize natural gas supplies, IMF Managing Director Kristalina Georgieva believes 2023 will be an even tougher winter for the Europeans, she tells Ian Bremmer on GZERO World.

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3 Reasons Risk of Global Recession in 2023 Has Increased | IMF's Kristalina Georgieva | GZERO World

3 reasons risk of global recession in 2023 has increased

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.

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Can the World Avoid a Global Recession? | GZERO World with Ian Bremmer

Can the world avoid a global recession?

This year, the annual fall meetings of the World Bank and the IMF are all about global economic doom and gloom.

How bad will it get? Are we headed toward a worldwide recession? And who will bear the brunt of the pain?

To get some answers, GZERO World with Ian Bremmer has two very special guests: World Bank President David Malpass and IMF Managing Director Kristalina Georgieva.

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Podcast: Winter is coming. Global recession, too?

Listen: Inflation is on the rise, at a rate we haven't seen in through in decades. Is a global recession inevitable? Ian Bremmer speaks to Kristina Georgieva, Managing Director of the International Monetary Fund and David Malpass, President of the World Bank, on the GZERO World podcast. Both guests are leading global efforts to get inflation under control, lift millions out of extreme poverty and prevent the next global recession. Whether they’ll succeed is very much an open question.

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"Lives At Risk" in Sub-Saharan Africa Due To Rising Food and Fuel Costs | Global Stage | GZERO Media

Focus on Africa: hunger, energy, climate - and the path to growth

Sub-Saharan Africa was on the brink of economic recovery last year. Now, the World Bank expects its growth to slow in 2023. With global inflation on the rise, rising food and fuel costs “actually put lives at risk in a way few other shocks can," says International Monetary Fund (IMF) senior economist Andrew Tiffin.

And sub-Saharan Africa is particularly vulnerable: 123 million people there are currently food-insecure, while the region accounts for 6% of the global energy demand. With climate change exponentially leading to those numbers rising, Tiffin says: “Any globally viable discussion has to take into account Africa’s concerns and needs. Because without that, there is simply no solution.”

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Cars burn after a Russian military strike in central Kyiv.

REUTERS/Gleb Garanich

What We’re Watching: Terror in Kyiv, World Bank/IMF meetings

Putin lashed out after Crimea bridge blast

On Monday, Russia unleashed a barrage of air strikes against major Ukrainian cities, including Kyiv, Kharkiv, and Odesa. Lviv, which had been considered a safe haven for those fleeing the fighting in eastern Ukraine, was also hit. Although we don't have a death toll yet, it'll be high because the attacks occurred during rush hour and targeted civilian areas. The missiles also destroyed critical infrastructure, knocked out power, and sent civilians into bomb shelters for the first time in months.

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