2023 to be tougher for global economy than 2022, IMF chief says

International Monetary Fund Managing Director Kristalina Georgieva has warned of tough conditions for the global economy in 2023 [File: Jonathan Ernst/Reuters]

This year will be tougher than 2022 for most of the global economy as the United States, European Union and China see slowing growth, the head of the International Monetary Fund (IMF) has warned.

IMF Managing Director Kristalina Georgieva said 2023 will be a “tough year”, with one-third of the world’s economies expected to be in recession.