Kristalina Georgieva, Director of the International Monetary Fund (IMF), predicted that global economic growth would begin to recover towards the end of this year.
Georgieva made evaluations of the global economy at the press conference she held.
Stating that the recent declines in global growth may be coming to an end, Georgieva expressed her optimism that economic growth could accelerate next year.
Pointing out that the storm clouds over the world economy may soon dissipate, Georgieva said, “We think we are out of the bottom.” said.
Stating that the IMF is not expected to lower its growth forecast of 2.7 percent for 2023, Georgieva said, “Towards the end of 2023, we hope to see a reversal of the trend towards a higher growth path in 2024.” she used the phrase.
Pointing out that it will still be a challenging year and the global economy remains fragile, Georgieva said that inflation remains stubbornly high. The cost of living crisis is not over.