5/23, 4:42 PM (Source: TeleTrader)
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IMF's Georgieva: GDP f'casts worse than in April

International Monetary Fund (IMF) Managing Director Kristalina Georgieva stated on Monday that the global economic outlook has worsened since April when the IMF last made its predictions.

A global recession is not likely at the moment, but we may see a recession in "certain countries" the economies of which "were weaker, to begin with," she added during a World Economic Forum panel.

Global growth is projected to stand at 3.6% in both 2022 and 2023, according to IMF's April report.

Baha Breaking News (BBN) / BU