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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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Paige Fusco

Will stagflation make a comeback?

America’s fashionistas are super excited these days about 1990s crop tops, baggy outfits, and tattoo chokers, but economists are freaking out over a specter from a different decade: the ’70s. That’s when the US economy sputtered into what's known as “stagflation.”

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IMF Managing Director Kristalina Georgieva talks to Chinese Premier Li Keqiang before a news conference following the "1+6" Roundtable meeting at the Diaoyutai state guesthouse in Beijing, China November 21, 2019.

REUTERS/Florence Lo

Should China get more IMF power?

The annual meeting of the International Monetary Fund normally gets little attention beyond economists and policy wonks. But this time all eyes were on the fate of Managing Director Kristalina Georgieva, widely praised for the IMF's swift action to avoid a pandemic-fueled global depression and recently caught in the latest crossfire between the US and China.

Georgieva finally kept her job after being confirmed by the IMF board late on Monday despite strong objections from the Americans and the Japanese, the Fund's two biggest shareholders. But what was all the fuss about?

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Ian Bremmer: Trouble at the IMF | Quick Take | GZERO Media

Trouble at the IMF

Ian Bremmer's Quick Take:

Hi, everybody, Ian Bremmer here, and a happy Monday to you. A Quick Take on the scandal surrounding the IMF (International Monetary Fund) and its Managing Director, Kristalina Georgieva. Disclosure, full disclosure, she's someone I know very well and am very friendly with actually and have been since well before she got the IMF post. She used to be number two at the World Bank, and that is the origin of the crisis.

A "Doing Business" report, something the World Bank comes out with every year. It is used by investors to assess competitiveness of different governments around the world. And as one might imagine, there's a lot of jockeying and lobbying behind the scenes by these governments to try to show that they're doing a great job. And as a consequence, their rankings should be high.

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IMF Chief Kristalina Georgieva Expects 1 Billion COVID Vaccine Doses from G7 | GZERO Media

GZERO event highlights: IMF chief, G7 vaccine pledges, global health security

For IMF Managing Director Kristalina Georgieva (above), a two-track pandemic means a two-track recovery that'll hurt the entire world in the long run. That's why she anticipates G7 leaders meeting this week will commit to sending about one billion doses of COVID vaccines to the developing world by the end of the year in new financing and shots unused by wealthy nations. Georgieva hopes it'll be a summit that gives all countries "a fair short in the arm, a fair shot at the future."

Georgieva was one of many experts who joined this week's two-part livestream discussion about post-pandemic health security hosted by GZERO Media in partnership with Flagship Pioneering, Beyond the Pandemic: A Radical New Approach to Health Security, presented in partnership with Flagship Pioneering.

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