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International Monetary Fund (IMF) Managing Director Kristalina Georgieva said on Monday that she does not expect a recession for the world's major economies but also cannot rule one out.
The IMF MD was asked at a panel at the World Economic Forum whether she expected a recession, to which Georgieva said, "No, not at this point. It doesn’t mean it is out of the question."
Ever since the IMF downgraded its 2022 growth outlook because of the war in Ukraine, China's slowdown and global price shocks, particularly for food, the global economic outlook has darkened in the month.
She said. "In a short period of time...the horizon has darkened."
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