Global Recession : In the last two years, economies around the world had come to a standstill. Some countries’ economies are now slowly returning to their former status after the impact of Corona has subsided. That’s how worrying news has come out. The International Monetary Fund has warned that many countries in the world may face economic recession in 2023. The International Monetary Fund’s warning has added to the concern.
Russia’s attack on Ukraine, rising oil prices and steadily increasing food prices. That is why inflation has increased to a large extent. Compared to that, people’s income has not increased. Kristalina Georgieva said that all major economies around the world are slowing down. The situation will get worse and worse in the short term. Financial risk in China’s property market continues to rise. This is very worrying.
According to the International Monetary Fund (IMA), central banks around the world will have to maintain their strict monetary policy to keep inflation under control. Emerging economies seem to be bearing the brunt of the frequent increases in food prices. Therefore, the financial crisis of those countries is increasing. The debt burden continues to increase. According to Kristalina Georgieva, this crisis on the global economy is not permanent. Many economies around the world will come out of this.
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