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IMF to Cut Growth Forecast as Recession Looms for Some Nations

  • Georgieva says financial tightening will cause ‘big shock’
  • IMF sees war spurring consideration of digital currencies
Kristalina Georgieva

Kristalina Georgieva

Photographer: Emily Macinnes/Bloomberg
Updated on

The International Monetary Fund is poised to cut its global growth forecast for 2022 as a result of the war in Ukraine, and sees recession risks in a growing number of countries, Managing Director Kristalina Georgieva said.

The world economy is still set to expand in 2022, though by less than the 4.4% previously anticipated, Georgieva said in an interview with Foreign Policy magazine broadcast Tuesday. The IMF is set to update its projections in April when the fund holds its annual spring meetings.