IMF Leader Georgieva: Global recovery still partial and unstable

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

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

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

Stating that they are optimistic in two respects, Georgieva said that the first is determined attacks by central banks and financial authorities and they are doing their duty for countries without resources.

Georgieva attributed the second reason why 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 worry 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 than in 2019.” she used the words she.

IMF expects the world economy to recover by the end of the year

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

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

Stating that the IMF is not expected to lower its growth projection of 2.7 percent for 2023, Georgieva said, “The end of 2023 is real, we hope to see a higher growth path in 2024, contrary to the real trend.” He used his words.