The war in Ukraine changed the calculations of the International Monetary Fund.
“The global economy will continue to grow in 2022, albeit less than the 4.4 percent previously forecast,” Georgieva said in an interview with Foreign Policy magazine on Tuesday.
The International Monetary Fund is scheduled to update its forecasts in April, when the fund holds its annual spring meetings.
“Some economies that have recovered faster than the corona crisis are in a stronger position to counter the repercussions of Russia’s invasion of Ukraine,” he said. The United States in particular has relatively strong foundations, but those who have not yet emerged from the Corona crisis will face a “potential risk of recession” and will be hit harder.
According to Georgieva, as the Federal Reserve and other developed central banks of the world raise interest rates, it will create more difficult financial conditions for many countries and they will face a major shock.
According to the director of the International Monetary Fund, about 60% of low-income countries are facing debt problems, and this is double the figure announced in 2015.