The IMF warns that a third of the world economy and half of

Recession is close... So much so that a good part of the globe will suffer it this year . The International Monetary Fund (IMF) estimates that a third of economies will enter a recession in 2023 . The truth is that the organization had been warning for months that " the worst is yet to come ." The managing director of the IMF, Kristalina Georgieva, warned today that she expects "a third of the world economy to enter a recession this year." In Europe, the outlook is even darker: half of the European Union is on the verge of a crisis in 2023. "For most of the world economy, this will be a difficult year, more difficult than the year we left behind. Why? Because the three big economies, the United States, the EU and China, are slowing down simultaneously," he said. Georgieva clarified in an interview with CBS . But while the US will be more resilient and could weather a contraction.



Half of the EU will enter recession this year . " China, for its part, will slow down even more, weighed down by a very restrictive policy with COVID-19. According to IMF estimates , global growth will slow to at least 2.7% in 2023, when it was 6% in 2021 and 3.2% last year. In the background, the Russian invasion of Ukraine, the cost of living crisis caused by inflation and the slowdown in WhatsApp Number List China are the main causes of the deterioration of economic forecasts. "I hope that the United States does not fall into recession despite all these risks," Georgieva stressed, although she warns that, even in countries that avoid contraction, "it will feel like a recession for hundreds of millions of people." China's real estate crisis is about to get worse In the United States, which already entered a technical recession in 2022 , the Federal Reserve's shift in raising interest rates explains a slowdown.







GDP growth to 1% in 2023. In China, the reduction in the growth forecast (to 4.4%) is explained by its zero COVID policy, with tough restrictions to face new waves, and the weakening of the real estate sector. But the most pronounced slowdown will be suffered in the Old Continent and, more specifically, in the eurozone, where the energy crisis caused by the war will continue to take its toll and reduce growth to 0.5% in 2023. In the EU, the IMF has already discounts that large economies, such as Germany or Italy, will enter recession . Spain, on the other hand, could overcome the onslaught. In Europe, gas prices have increased more than 4 times since 2021, and the region faces the threat of energy shortages this winter, but also beyond. "The winter of 2022 will be difficult for Europe, but the winter of 2023 will probably be worse," the fund warns.