IMF fears global recession and lower growth

The International Monetary Fund (IMF) fears a global recession and recommends avoiding a sharp decline in economic growth.

This was announced by the director general of the organization, Kristalina Georgieva, on Thursday in Washington, during a press conference as part of the spring session of the governing bodies of the Fund and the World Bank. “Global economic growth of 2.8% is not enough to open up opportunities for businesses and people around the world.

What is of most concern is the weak economic growth projected over a longer period,” she noted.

According to her, the current circumstances of the global economy underline “the priority of ensuring security of supply and the reliable functioning of global supply chains”. Ms Georgieva reiterated that “globalization has not benefited all” countries.