IMF’s Georgieva: Global economy faces tougher year in 2023 – by anilpanchal7 IMF NewsTrading RiskAppetite EconomicHealth
, Europe and China - all experience weakening activity,” said the International Monetary Fund’s Managing Director Kristalina Georgieva on the CBS Sunday morning news program "Face the Nation”, per Reuters.Why? Because the three big economies – the US, EU and China – are all slowing down simultaneously.Moreover, a ‘bushfire’ of expected COVID infections there in the months ahead are likely to further hit its economy this year and drag on both regional and global growth.
For the next couple of months, it would be tough for China, and the impact on Chinese growth would be negative, the impact on the region will be negative, the impact on global growth will be negative. But that fact on its own presents a risk because it may hamper the progress the Fed needs to make in bringing U.S. inflation back to its targeted level from the highest levels in four decades touched last year.
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