IMF’s Georgieva: Global recovery still partial and unstable

International Monetary Fund (IMF) Director Kristalina Georgieva said they are more optimistic about the global recession than they were a few months ago, but that the worldwide economic recovery is still “partial and unstable”.

International Monetary Fund (IMF) President Kristalina Georgieva, who gave an interview to the David Rubenstein Show, made predictions about the recovery of the world economy after the Covid-19 pandemic.

Curious about the predictions of many economists within the IMF about the current state of the world economy, Rubenstein asked IMF Director Georgieva, “Will there be a global recession?” prompted the question.

Stating that they are optimistic in two respects, Georgieva said that the first is the decisive moves taken by the central banks and financial authorities and that they are doing their part for the countries that do not have the resources.

Georgieva attributed the second reason they were more optimistic about the economic outlook than a few months ago because the world had learned to function while the pandemic was still going on.

Still, emphasizing that the recovery was “partial and unstable,” Georgieva said, “Some parts of the economy are doing very well, while others are lagging behind. My biggest concern is that once we get through this crisis, we may see more inequality, more debt, an open and still ongoing climate crisis. With widely coordinated incentives, we can have a better economy after the crisis compared to 2019.” used his statements.

IMF expects world economy to recover towards the end of 2023

Georgieva, at a press conference on January 13, stated that the recent declines in global growth may be coming to an end and expressed her optimism that economic growth could accelerate next year.

Pointing out that the clouds over the world economy may soon dissipate, Georgieva said, “We think we are out of the bottom.” She said.

Stating that the IMF is not expected to lower its growth forecast of 2.7 percent for 2023, Georgieva said, “Towards the end of 2023, we hope to see a reversal of the trend towards a higher growth path in 2024.” had used the words.