The International Monetary Fund has warned that 2023 will be a tougher year for most of the world economy because the U.S., EU, and Chinese economies are all slowing down simultaneously. “We expect one-third of the world economy to be in recession … Even countries that are not in recession, it would feel like recession for hundreds of millions of people,” said IMF chief Kristalina Georgieva.International Monetary Fund Managing Director Kristalina Georgieva shared the IMF’s predictions on the U.
“The U.S. is most resilient. The U.S. may avoid recession. We see the labor market remaining quite strong. This is, however, a mixed blessing because if the labor market is very strong, the Fed may have to keep interest rates tighter for longer to bring inflation down,” the IMF chief continued. “When we look at the emerging markets in developing economies, there, the picture is even direr. Why? Because on top of everything else, they get hit by high interest rates and by the appreciation of the dollar. For those economies that have high level of that, this is a devastation,” she cautioned.
Emphasizing that she hopes the U.S. economy “is not going to slip into recession despite all these risks,” the IMF managing director shared:
kevinhelms01 Yo helms spot spreading fear! U r a fear monger! You google article is FAKE! You’re pushing bitcoins AND TELLING EVERYONE US ECOMONY IS GOING TO IMPLODE!! HA! You are SAM BANMAN FRIED’S TWIN- A DISGRACE!
Also a trend reversal indicator
IMF - thought Brexit was cause of UK slow down. I guess Brexit is causing world recession too. IMF should tell EU leaders to off load their Brexit grudge against the UK. Perhaps we might see some world growth thereafter.
The IMF predicts that half of the EU will be in recession in 2023. How do you think this will impact the global economy?
How do you think the tighter interest rates in the US will affect the economy?
Do you agree with the IMF's prediction that one-third of the world economy will be in recession in 2023?
What do you think is causing the simultaneous slowdown in the US, EU, and China's economies?
hmmm
Investing in the Norwegian krone would be an interesting investment because it is indexed not to the currency, the dollar/euro, but to economic and industrial activity such as oil, for example. But Bitcoin may be an interesting choice too. 🤫
Lets lift our economies by making our own products here in America. Let China deal with what they started.
It's a cause for concern, but I believe DeFi and crypto provide an opportunity to create a more resilient global economy. Harnessing the power of these tools could help us weather any storm.
Pi coin is King after BTC
this going to be bitcoin is dead
Ok, I only listen to ChiefraFba for signals!
Brilliant, but using ChiefraFba for signals and analysis