World Bank and IMF expect a sharp slowdown of the global economy this year

Global GDP growth in the coming year will slow down sharply, which will not require another crisis, warns the World Bank. This is stated in the abstract to its new report, the publication of which is expected on Tuesday, reports

One of the prerequisites for this, according to economists from the bank, is a simultaneous tightening of monetary policy by global central banks to curb record-high inflation. Another negative factor is supply chain disruptions caused by the aftermath of the conflict in Ukraine. To mitigate the coming recession, urgent international and national action is required.

In an interview with CBS TV channel on January 1, the head of the IMF Kristalina Georgieva predicted that this year will be more difficult than the previous one, reports RBC. The fund expects the recession to cover about 1/3 of the world economy, which will be facilitated by a simultaneous slowdown in growth in China, the U.S. and the European Union.