IMF Warns, That an Age of Greater, Instability Is Approaching.<br />'The Guardian' reports that the International Monetary Fund (IMF) warns that the world faces a growing risk of a recession and a "fundamental shift" away from stability.<br />'The Guardian' reports that the International Monetary Fund (IMF) warns that the world faces a growing risk of a recession and a "fundamental shift" away from stability.<br />That loss of stability includes a breakdown <br />of international relations amid more <br />powerful and frequent natural disasters.<br />That loss of stability includes a breakdown <br />of international relations amid more <br />powerful and frequent natural disasters.<br />The IMF's managing director, Kristalina Georgieva, said <br />a string of economic shocks have unleashed persistently <br />high inflation and prompted a global cost-of-living crisis.<br />Georgieva said the impact of COVID, Russia's invasion <br />of Ukraine and worsening climate disasters is being <br />exacerbated by a fragmented geopolitical landscape.<br />Georgieva said the impact of COVID, Russia's invasion <br />of Ukraine and worsening climate disasters is being <br />exacerbated by a fragmented geopolitical landscape.<br />Georgieva said the impact of COVID, Russia's invasion <br />of Ukraine and worsening climate disasters is being <br />exacerbated by a fragmented geopolitical landscape.<br />We are experiencing <br />a fundamental shift <br />in the global economy, Kristalina Georgieva, IMF managing director, via 'The Guardian'.<br />According to Georgieva, this means , “greater uncertainty, higher economic volatility, <br />geopolitical confrontations, and more frequent and <br />devastating natural disasters – a world in which any country <br />can be thrown off course more easily and more often.”.<br />According to Georgieva, this means , “greater uncertainty, higher economic volatility, <br />geopolitical confrontations, and more frequent and <br />devastating natural disasters – a world in which any country <br />can be thrown off course more easily and more often.”.<br />According to Georgieva, this means , “greater uncertainty, higher economic volatility, <br />geopolitical confrontations, and more frequent and <br />devastating natural disasters – a world in which any country <br />can be thrown off course more easily and more often.”.<br />As a result, the IMF has downgraded growth <br />projections for a third time, bringing 2022's <br />forecast down to 3.2% and 2023's down to 2.9%.<br />As you will see in our updated <br />World Economic Outlook next week, <br />we will downgrade growth for next year. <br />And we will flag that the risks <br />of recession are rising, Kristalina Georgieva, IMF managing director, via 'The Guardian'.<br />As you will see in our updated <br />World Economic Outlook next week, <br />we will downgrade growth for next year. <br />And we will flag that the risks <br />of recession are rising, Kristalina Georgieva, IMF managing director, via 'The Guardian'.<br />Between now and 2026, <br />global output is expected <br />to lose as much as $4 trillion.<br />According to the IMF, about one-third <br />of countries are expected to experience <br />a recession in either 2022 or 2023
