The head of the International Monetary Fund (IMF) has warned that the world is heading toward a “dangerous new normal.”
Kristalina Georgieva, managing director of the IMF, warns that the world is facing the risk of a recession, with the global economy experiencing a “fundamental shift.”
Georgieva made the comments during a speech at Georgetown University in Washington on Thursday.In just three years, the world has lived through “shock, after shock, after shock,” Georgieva said.The world had to deal with the COVID-19 pandemic, the Russian invasion of Ukraine, and “climate disasters on all continents,” she claimed.She said that such shocks have […]
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