The International Monetary Fund (IMF) and the World Bank have warned of the risk of a global recession. Economic growth is slowing down in some industrialized countries in Europe, said World Bank boss David Malpass on Monday at the start of the annual meeting of the World Bank and IMF in Washington. Currency devaluation is a problem for low-income countries, where the debt burden is growing. “The rise in interest rates is an additional burden and inflation remains a major problem for everyone, but especially for the poor,” Malpass said. IMF boss Kristalina Georgieva made a similar statement. “We’re seeing a slowdown in all three of the world’s major economies,” she said. The IMF presented its new forecast for the further development of the global economy on Tuesday.
World Economy – World Bank warns of recession – Economy
