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Reuters video
Global economy ‘worst is yet to come’ – IMF
The Story: The IMF says a third of the global economy is likely to contract by next year, according to its latest World Economic Outlook, and the IMF and World Bank will meet for the first time face-to-face in three years. He said the meeting got off to a solemn start. The economy, the US, China and the eurozone will continue to stall,” said Pierre-Olivier Grinchas, chief economist at the IMF. “In short, the worst is yet to come and for many people 2023 will feel like a recession.”
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