But she added at the annual meeting of the World Economic Forum (WEF): “What we could see is a recession in some countries that are weak to begin with.” This applies, for example, to countries that have not yet recovered from the Corona crisis and that are highly dependent on energy and food imports from Russia.
Georgieva emphasized that overall 2022 would be a “hard year” due to several crises. In a video statement on Twitter at the beginning of the conference, Georgieva warned that the situation was very challenging: the war in Ukraine and the corona pandemic would have major economic consequences and lead to lower growth and rising inflation. At the same time, long-term challenges such as the climate crisis have not disappeared.
According to the IMF forecast, the global economy will grow much more slowly this year because of the war in Ukraine. At the same time, the IMF (International Monetary Fund) expects a higher inflation rate in 2022, driven by energy and food prices.
According to its forecast published in April, the IMF expects growth of 3.6 percent – 0.8 points less than assumed in January.