Kristalina Georgieva
The executive director of the International Monetary Fund is pessimistic about the future of the global economy.
(Photo: dpa)
According to forecasts from the International Monetary Fund (IMF), the global economy faces the weakest growth since 1990. The global economy is “in an extremely uncertain situation”, according to the current “World Economic Outlook” (WEO), which the organization published on Tuesday published.
The so-called “hard landing”, the sudden passage into recession or stagnation, “has become a much greater risk”, especially for industrialized nations. The forecast for Germany in particular is bleak for this year.
Many economies are still busy processing the pandemic, the effects of the war in Ukraine and the shortage of supplies. According to the International Monetary Fund, there is also “stubborn” inflation, a tight interest rate policy and high debt levels.
“Now these problems are being exacerbated by new concerns about financial stability”, analyzes the IMF. Turmoil in the banking system would “significantly” increase risks to growth.
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