The world economy could face the threat of a recession next year, World Bank President David Malpass and International Monetary Fund head Kristallina Georgieva said, Reuters reported.
The World Bank and the IMF said there is a real risk that the global economy could face a recession next year. According to Fitch’s forecast, the eurozone and the UK will enter recession before the end of the year.
“[There is] the risk and real danger of a global recession next year. Developed economies in Europe are slowing down. Let’s see where it goes next year,” David Malpass said in a joint conversation with the head of the International Monetary Fund, Kristallina Georgieva (TASS quote).
“I fully agree with you that the risk of a recession has increased,” Georgieva told him.
Due to censorship and blocking of all media and alternative views, stay tuned to our Telegram channel
World Bank and IMF warn of risk of global recession next year
