Get all your news in one place.
100’s of premium titles.
One app.
Start reading
Reuters
Reuters
Business

IMF chief does not expect recession but it isn't 'out of the question'

FILE PHOTO: IMF Managing Director Kristalina Georgieva speaks during a conference hosted by the Vatican on economic solidarity, at the Vatican, February 5, 2020. REUTERS/Remo Casilli

International Monetary Fund Managing Director Kristalina Georgieva on Monday said she does not expect a recession for the world's major economies but also cannot rule one out.

Asked at a panel at the World Economic Forum whether she expected a recession, Georgieva said: "No, not at this point. It doesn’t mean it is out of the question."

The global economic outlook has darkened in the month since the IMF downgraded its 2022 growth outlook because of the war in Ukraine, China's slowdown and global price shocks, particularly for food, she said. "In a short period of time...the horizon has darkened."

(Reporting By Balazs Koranyi; editing by John Stonestreet)

Sign up to read this article
Read news from 100’s of titles, curated specifically for you.
Already a member? Sign in here
Related Stories
Top stories on inkl right now
One subscription that gives you access to news from hundreds of sites
Already a member? Sign in here
Our Picks
Fourteen days free
Download the app
One app. One membership.
100+ trusted global sources.