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IMF: An expected slowdown in global growth, Countries facing the risk of recession

International Monetary Fund Managing Director Kristalina Georgieva said yesterday that new IMF forecasts due in April will show that the war in Ukraine will slow global economic growth, but not cause a global recession.

In a webinar hosted by “Foreign Policy” magazine, the Director of the Fund stressed that some weak emerging economies that are still finding it difficult to overcome the Covid-19 pandemic face the risk of recession due to shocks from high food and energy prices and tightening financial conditions resulting from interest rate increases in advanced economies.

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