The International Monetary Fund (IMF) lowered its 2022 GDP growth forecast for the USA to 2.3%. This has been reported DEA News”.
The publication states that the IMF has cut its US GDP growth forecast by 1.4% and 1.3% this year and next year, compared to its April forecasts.
The IMF report stated that members of the organization’s board of directors concluded that it is becoming increasingly difficult to avoid a recession in the United States, and that “the Russian Federation’s entry into Ukraine, the prolonged coronavirus pandemic and supply constraints are creating additional problems.”
Kristalina Georgieva, former head of the International Monetary Fund statedThere may be a global recession in 2023.
Georgieva cites rising inflation, a slowdown in China’s economic development, and sanctions against Russia as prerequisites for the recession.
It is stated that investors are increasingly concerned about recession risks. This is pointed out by the US Treasury yield curve.
Source: Gazeta
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