According to the International Monetary Fund, in 2023, global growth will slow down to a level below 3%, although countries with developed economies have managed to stabilize the market situation with timely measures. Reuters writes about it on March 26, 2023. Thus, according to the IMF Director Crystalina Georgieva, the prospects of the world economy for 2023 and 2024 will probably remain weak.
"The uncertainty is extremely high, including the risks of geo -economic fragmentation, which can lead to the split of the world into competing economic blocks - a" dangerous division "that will make everyone more poorer and more vulnerable," she explained. Crystalina Georgieva also spoke about the risks to financial stability that have arisen against the background of raising interest rates by most central banks in the world to fight inflation.
"Politicians were strongly in response to the risks of financial stability, and the central banks of developed economic systems have increased liquidity in US dollars. These actions reduced to the market to some extent, but uncertainty is high, which emphasizes the need to be vigilant," the IMF added. At the same time, as Krystalina Georgieva noted, a strong restoration of the economy continues in China, and in the January IMF forecast it is expected that China's GDP growth will be 5. 2% this year.
"In 2023, China will account for about 1/3 of world growth, which will give the long -awaited uplift of the world economy," she said. Earlier in January, the majority of the world's major economists in the private and public sector stated that the world economy would be on the verge of a global recession in 2023.
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