IMF warning - Global economy will grow at the rate of 2.9% in 2023 against 3.2% in 2022

The International Monetary Fund (IMF) issued a warning of slowing global economic growth in 2023. This could lead to a global recession. IMF Chief Kristalina Georgieva said that by 2026 the world economy will reach record degrowth of $ 4 trillion (about Rs 3.30 lakh billion).
The IMF has forecast future world economic growth. In 2022, where the economy is developing at the rate of 3.2%. In 2023, it will grow only at 2.9% growth.
IMF Managing Director Georgieva reached Georgetown University on Thursday. Here he said that instead of improving, the economy seems to be deteriorating badly.
The IMF chief said that if the world economy grows at this rate, then soon the world may have to face recession once again. This will bring financial stability.
The growth of the world economy was severely affected due to the Corona epidemic, the Russo-Ukraine war and the climate disaster. The economy of big countries like China, Europe and America has also started slowing down due to these reasons. Due to this exports from developed countries started decreasing. The effect of this is beginning to be seen in the form of rising inflation in the world.
There will be an annual meeting of the IMF and the World Bank in Washington next week. Finance ministers and central bankers from all over the world will attend the meeting. They will discuss issues related to the economy, such as how the Russo-Ukraine war will leave a deep impact on the world economy in the coming times.
Georgieva said that a third of the countries in the world economy will see the growth rate slowing down in the first 6 months of 2023. Despite positive economic growth, rising inflation is likely to lead to a slowdown. If we do not act quickly to stop it, the consequences can be dire.