The world economy may shrink from 0.3% to 2.3% in the next 7-10 years. In this respect Wrote The newspaper Vedomosti refers to the content of the International Monetary Fund’s (IMF) “Disintegration in Global Trade: Accounting for Commodities” report.
This scenario will evolve as the global economy splits into opposing blocs, depending on how harsh the split will be. At the same time, according to the IMF, the decline in GDP in the least developed countries may be in double digits.
In the early hours of March 30, IMF Managing Director Kristalina Georgieva stated2023 will prove to be a challenging year for the global economy.
Then Georgieva expression the view that the globalization of the world economy has led to an unequal distribution of wealth in the world. According to him, the world’s supply chains need to be more diverse and secure.
Last week, IMF chief reportedAbout one-third of global economic growth in 2023 will come from China.