By allowing ads to appear on this site, you support the local businesses who, in turn, support great journalism.
IMF warns of higher recession risk and darker global outlook
20221006-105204-preview.jpg
International Monetary Fund Managing Director Kristalina Georgieva speaks on the global economic outlook and key issues to be addressed at this month's IMF and World Bank Annual Meetings, at Georgetown University in Washington, Thursday, Oct. 6, 2022. - photo by AP Photo/J. Scott Applewhite
WASHINGTON (AP) — The International Monetary Fund is once again lowering its projections for global economic growth in 2023, projecting world economic growth lower by $4 trillion through 2026. Kristalina Georgieva, managing director of the IMF, told an audience at Georgetown University on Thursday that “things are more likely to get worse before it gets better," saying the Russian invasion of Ukraine that began in February has dramatically changed the IMF's outlook on the economy. Many countries are already seeing major impacts of the war on their economies.