IMF Says Global Economic Outlook is Dark

The IMF Managing Director Kristalina Georgieva said that the global economic outlook has “darkened significantly” and could deteriorate further. She cited the Ukraine conflict as a reason for rising inflation, supply disruption and widespread hunger and poverty. Recently the IMF revised downwards the global growth forecast for 2022 / 23 to 3.6%.

She said the following: poorest will be hit the hardest, risk of “social instability” was also increasing, inflation has complicated policy making, reducing debt is an urgent necessity.