A THIRD of the world economy will be in recession in 2023, the head of the International Monetary Fund (IMF) has warned.
Kristalina Georgieva said “hundreds of millions” of people would feel the pinch – even in countries not actively in recession.
The US, China, the EU and the UK are all expected to see their economies slow. The impact of the war in Ukraine is among the primary drivers of the recession, experts have said, because of its roll in triggering the worldwide inflation crisis.
