The world economy is going to be worse in the year 2023 than in 2022. Kristalina Georgieva, head of the International Monetary Fund (IMF), has said that in 2023 one-third of the world will be in recession. Even in countries where there will be no recession, people will have to face deteriorating economic conditions. He attributed this to the slowing economy of China, America, and the European Union.
He said that the Ukraine war, rising inflation, rising interest rates, and the arrival of the Corona epidemic in China will also affect the world economy.
The next few months will be difficult for China
Kristalina said that the next few months are going to be difficult for China. For the first time in 40 years, China's economic growth may be lower than that of the world. In December 2022, manufacturing activities in China reached the lowest level in the last three years. According to an estimate by the BBC, a decline in house prices has been registered in the last 6 months in 100 big cities in China. All this will have an impact on the global economy as well.
Europe is bound to fall into a recession
Kristalina said that amid the Ukraine war, inflation, and rising interest rates, there will be a recession in Europe. IMF has already reduced the forecast of economic growth for the year 2023.
America's economy will remain flexible
The IMF head said that the US economy is resilient and can survive the recession. The labor market there is still very strong. But to keep inflation under control, the Federal Bank will have to keep interest rates high.
North Korea fired a second ballistic missile in 48 hours: fell in Japan's maritime border, tested after US-South Korea military drill
North Korea has again fired two ballistic missiles into the East Sea. South Korea's Defense Minister Lee-Jong-sup has claimed missile fire toward the Sea of Japan. Japan has also confirmed this.
Saif Ali Khan: Saif reached the hospital one and a half hours after the attack, not son Ibrahim but this person helped him get there
A new and shocking update has emerged in the case of the knife attack on actor Saif Ali Khan. After the incident with the actor, he was admitted to Lilavati Hospital at 4:11 am on Thursday, January
Tamanna Bhatia flaunted a bikini with a blazer, and created a sensation in a black outfit, users said – there is no one like you
Actress Tamannaah Bhatia is famous for her sizzling style statement. Her fashion is always the talk of the town. Recently, the actress was seen in a gorgeous black dress. Her glamorous photoshoot is
Now UFO seen in the sky of China, country's fighter aircraft preparing to kill
After America and Canada, an unidentified flying object (UFO) sighting has now been claimed in China. The foreign newspaper reported that China has seen it flying over the water near Qingdao and the
Ind vs Eng: 'Rohit's Paltan' would like to reverse 112 years of history, will destroy 'Baseball' in Dharamshala
Team India has taken an unassailable 3-1 lead in the five-match Test series between India and England (Ind vs Eng). In the Rajkot Test, India defeated England by 5 wickets and captured the series.
AUS vs PAK: Australia will face Pakistan today in the World Cup, the journey ahead will be difficult for the losing team.
The Australian cricket team is known for its alertness and Pakistan for its aggressive approach. In the World Cup, when both the teams will face each other in Bangalore on Friday, both will have to
Baba Siddiqui Murder: 'BJP leader's name in Papa's diary...', a new twist in Baba Siddiqui murder case after Zeeshan's statement
Ajit faction NCP leader Baba Siddiqui's murder case is getting more complicated day by day. On one hand, this whole incident is coming out from a Bishnoi angle. On the other hand, Baba Siddiqui's son
Weather Update Today: Forecast of rain in these states today and tomorrow, IMD told in which states the heatwave will prevail
Apart from Delhi-NCR, there has been a change in the weather after the rains in other areas. The mercury has dropped slightly due to rain and cold winds. At the same time, the Meteorological
IPL 2024: 'He has proved' Bhajji praised Hardik Pandya, told what are his qualities
Former Mumbai Indians spinner Harbhajan Singh has praised the leadership abilities of all-rounder Hardik Pandya ahead of the 2024 season of the Indian Premier League. Pandya is set to captain Mumbai
JPC: 'Information about Waqf property will have to be given on the website within six months', the bill was accepted with these changes
Among the 14 amendments accepted by the Joint Committee (JPC) of Parliament on the Waqf (Amendment) Bill, the Bill makes it mandatory for every waqf property registered under the existing law to
