Georgieva, Director of the International Monetary Fund; 'Growth Prospects Could Be Lowered'

Making assessments in Davos, IMF Director Kristalina Georgieva addressed that growth expectations could be revised downward, despite many critical developments in the world since the most recent projections.

In the assessment of the International Monetary Fund (IMF), IMF Director Kristalina Georgieva, the IMF may need to further reduce its economic growth forecasts for this year. But Georgieva added that they do not expect a global recession this year. Since the IMF cut its global growth forecast to 3.6 percent last month, President Georgieva; She noted that there have been a number of new developments, including tightening financial conditions, the rise in the value of the dollar, and the economic slowdown in China. Georgieva, “All of this suggests that further downward revisions are possible. There is now an increased risk of recession for some countries, but we do not expect a global recession."