Davos 2023: Global growth to bottom out this year – IMF’s Georgieva

DAVOS, Switzerland - International Monetary Fund Managing Director KristalinaGeorgievasaid on Tuesdayglobaleconomicgrowthwas expectedbottomoutin2023despite the continued Ukraine war and rising interest rates. Speaking at a World Economic Forum panel inDavos,Georgievaaffirmed an IMF forecast forglobalgrowthto decelerate to 2.7 percent thisyearfrom around 3.2 percent lastyear. "Since the beginning of theyearwe do see some good news. We also expect in2023growthtobottomout, to start the process in which we go up rather than down," she said. Georgievasaid the three very significant challenges were the Russia-Ukraine war, the cost of living crisis and interest rates at a level unseen ...Keep on reading: Davos 2023: Global growth to bottom out this year – IMF’s Georgieva

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