Kristalina Georgieva, Managing Director of the International Monetary Fund (IMF), expressed her opinion that 2023 could be a turning point for the global economy. Statement from the head of the IMF press service of the organization published on your site
“Global economic growth continues to be weak, but it could be at a tipping point. After rising 3.4% last year, we expect it to slow to 2.9% in 2023 and pick up slightly to 3.1% in 2024,” predicted Georgieva.
According to the head of the IMF, in 2023, the authorities of the countries of the world should make the fight against inflation a priority. Despite the projected slowdown in global consumer price growth projected to 6.6% in 2023, inflation for most countries is still above pre-coronavirus pandemic levels, the IMF chief noted.
Georgieva added that if the conflict in Ukraine escalates, the global economic recovery may slow down.
In the second half of January, Gilbert Houngbo, head of the International Labor Organization (ILO), said, estimated More than 200 million employees are experiencing significant financial difficulties in 2023. Working 40 hours a week, their daily earnings will be less than $1.9.