© 2024 KOSU
Play Live Radio
Next Up:
0:00 0:00
Available On Air Stations

IMF head warns that third of world economy to hit recession in 2023

2023 is going to be a tough year for global economies as the driving economies of global growth — the U.S., Europe and China — all experience weakening activity, according to the head of the International Monetary Fund. The new year is going to be, “tougher than the year we leave behind,” IMF managing director Kristalina Georgieva said on CBS’s Face the Nation on Sunday.

Why is this happening? How bad could it be? KPMG’s chief economist Diane Swonk joins Here & Now‘s Deepa Fernandes to discuss.

This article was originally published on WBUR.org.

Copyright 2023 NPR. To see more, visit https://www.npr.org.

KOSU is nonprofit and independent. We rely on readers like you to support the local, national, and international coverage on this website. Your support makes this news available to everyone.

Give today. A monthly donation of $5 makes a real difference.