10 October 2022

Global economy faces recession in 2023 say heads of IMF and World Bank...“We’re going to have one whopper of a recession in 2023.”

 Intro: 

 


10 hours ago · International Monetary Fund (IMF) Managing Director Kristalina Georgieva and World Bank President David Malpass warned at a joint press conference that
8 hours ago · The heads of the International Monetary Fund and World Bank have warned of a rising risk of a global recession in 2023 while JPMorgan's CEO has also weighed
14 hours ago · The heads of the International Monetary Fund and World Bank warned of a rising risk of a global recession as advanced economies slow and faster inflation ...
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12 hours ago · The IMF chief last week said the global lender would downgrade its forecast for 2.9% global growth in 2023 when it releases its World Economic Outlook on ...
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8 hours ago · The head of the largest U.S. bank said Monday he believes a combination of rising interest rates and geopolitical tensions will drive the U.S. and global ...
14 hours ago · (Bloomberg) -- The International Monetary Fund and World Bank warned of the rising risk of a global recession as faster inflation forces central banks to ...
11 hours ago · A recession threatens the global economy next year. This was announced on Monday by the Managing Director of the International Monetary Fund (IMF) ...
 
5 hours ago · International Monetary Fund managing director Kristalina Georgieva last week warned that the risks of global recession are rising. The World Trade 

 


tass.com

Global economy faces recession in 2023 say heads of IMF and World Bank



( Image: President of the World Bank David Malpass© AP Photo/Sait Serkan Gurbuz)

"The total amount that would be wiped out by the slowdown of the world economy is going to be between now and 2026 $4 trillion," IMF Managing Director Kristalina Georgieva said

WASHINGTON, October 10. /TASS/. A recession threatens the global economy next year. Managing Director of the International Monetary Fund Kristalina Georgieva and President of the World Bank David Malpass voiced such concerns on Monday.

They held a live-streamed discussion on the eve of the start of the autumn session of the IMF and WB governing bodies.

"There's risk in real danger of the world recession next year. Some of the advanced economies are slowing in Europe. So, we'll see where it goes into next year," Malpass said.

"I very much agree with you that the risk of recession has gone up," Georgieva stressed.

"We have calculated that about one third equivalent that the world economy would have at least two consecutive quarters of negative growth this year and next year," she specified.

"The total amount that would be wiped out by the slowdown of the world economy is going to be between now and 2026 $4 trillion," Georgieva said. This would mean that the global economy will lose a GDP, which is equal to the GDP of Germany, she added.

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tass.com

US proves its status of Ukraine conflict participant offering Kiev more weapons – Antonov

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The Russian Ambassador to Washington commented on the US statement about its readiness to provide Ukraine with "additional supplies of military products, including the latest models"

WASHINGTON, October 11. /TASS/. Washington’s recently announced statements about its readiness to provide Ukraine with ‘additional supplies of military products, including the latest models’ prove that the United States is a part to the conflict, Russian Ambassador to the United States Anatoly Antonov stated.

"… we perceive the statements by the US leadership about their intention to support [Ukrainian President Vladimir] Zelensky with additional supplies of military products, including the latest models, as another proof that Washington has secured its own status as a participant of the conflict," Antonov stated." 



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