The IMF chief further warned that China, the world’s second largest economy, would face a difficult start to 2023. Due to this zero-covid policy, China has slowed down dramatically in 2022.
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International Monetary Fund i.e IMF head of Kristalina Georgieva warned that this year Global Economy One-third of will remain in recession. The year 2023 will be more “difficult” than the year 2022 due to recession in America, European Union and China. The BBC quoted Georgieva from CBS News on Sunday as saying that we hope that One third of the global economy will be in recession, He said that even countries which are not in the grip of recession will feel like a recession for crores of people there.
IMF warning
The IMF chief further warned that China, the world’s second largest economy, would face a difficult start to 2023. Due to this zero-covid policy, China has slowed down dramatically in 2022. For the first time in 40 years, China’s key growth in 2022 is likely to be below the average of the global economy. This has never happened before.
Impact will be negative
He said that the next few months will be difficult for China and the impact on Chinese growth will be negative, the impact on the region will be negative, the impact on global growth will be negative. The warning comes as pressure on the global economy from the Russia-Ukraine war, rising prices, high interest rates and a new wave of the Covid-19 pandemic in China.
cut your outlook
In October 2022, the IMF cut its global economic growth outlook for 2023 due to the war in Ukraine as well as efforts by central banks around the world to rein in rising prices, the BBC reported. Since then, China has ended its zero covid policy and started reopening its economy, even as the coronavirus infection spread rapidly in the country.
Source: www.tv9hindi.com”