The IMF is not expected to downgrade its forecast for 2.7 percent growth in 2023, the head of the global lender said, noting that concerns about an oil price spike had failed to materialize and labor markets remained strong. | Reuters
Georgieva said the IMF expected the slowdown in global growth to “bottom out” and “turn around towards the end of ’23 and into ’24.”
She said the United States – the biggest economy in the world – was likely to see a soft landing, and would suffer only a mild recession, if it did enter a technical recession. “We are now in a more shockprone world and we have to be open-minded that there could be risk turn that we are not even thinking about,” she said. “That’s the whole point of the last years. The unthinkable has happened twice.”
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