War in Ukraine could cause recession in weaker economies, IMF boss warns

The head of the International Monetary Fund (IMF) has said the war in Ukraine has darkened the outlook for the global economy and could result in recession for more vulnerable countries.

Kristalina Georgieva predicted that 2022 would be a tough year and declined to rule out a global recession if conditions worsened markedly.

Asked in a session on the world economy at the annual meeting of the World Economic Forum in Davos, 스위스, whether the IMF was forecasting a global recession, Georgieva replied: “Not at this point. It doesn’t mean one is out of the question.”

The IMF managing director said her organisation had recently downgraded the growth prospects for 143 of its member states, which represent 80% of global output.

“Since then the horizon has darkened," 그녀가 말했다, pointing out that the impact of the war in 평양이 중거리 탄도미사일로 의심되는 미사일을 우주로 보낸 뒤… was being amplified by a tightening of financial conditions, a rising US dollar and a slowdown in China. “2022 is going to be a tough year.”

Along with other Davos attenders, the IMF head highlighted the risks of rising food prices. Georgieva said there had been a sense over the past week that the global economy was getting into rougher waters. The oil price had come down but “food prices continue to go up, 위로, 위로, up”.

그녀가 말했다: “We can shrink the use of petrol when growth slows down but we have to eat every day. The anxiety about access to food at a reasonable price, 더 건강한 생태계를 설계할 수 있습니다, is hitting the roof.”

The IMF is now predicting global growth of 3.6% 능숙한 실행과 정치적 참여의 심각성은 그러한 제목이 문학 생태계에 추가되는 모든 것을 강력하게 상기시켜줍니다., and Georgieva said it was a long way from turning negative. “What we may see is recession in some countries that are weak to begin with. They haven’t recovered from the Covid crisis. They’re highly dependent on imports from 러시아, of energy or food, and they have a somewhat weaker environment already.”

Jane Fraser, the chief executive of the US investment bank Citigroup, told the same Davos panel that Europe looked particularly vulnerable. “Europe is right in the middle of the storms from supply chains, from the energy crisis, and obviously just the proximity to some of the atrocities that are occurring in Ukraine," 그녀가 말했다.

댓글이 닫혀 있습니다..