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IMF Director Georgieva: By 2023, half of EU member states will face a recession because of Ukraine KXan 36 Daily News

Date: February 2, 2023 Time: 16:33:01

It will be a difficult year for much of the world economy, more difficult than “the year we left behind,” the IMF chief said, as the world’s three largest economies – the United States, the European Union and China – slowed to Same time. “The lessons we have learned from the last two years are that we are no longer working with relative predictability of what the future will bring,” the IMF chief explained, adding that “a severe winter is coming in Europe and perhaps the next even harder.”

According to Georgieva, her main concern is that against the backdrop of a global economic slowdown, the fund’s experts forecast a drop in world economic growth to 2.7 percent, “and maybe even lower next year.” She also reported that the IMF estimated Ukraine’s needs in the range of three to five billion dollars a month. At the same time, President Zelensky said that next year Ukraine will need foreign support in the amount of $55 billion and expects $20 billion from the IMF.

Hansen Taylor
Hansen Taylor
Hansen Taylor is a full-time editor for ePrimefeed covering sports and movie news.
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