IMF sees global economy recovery in 2024

The International Monetary Fund’s (IMF) managing director, Kristalina Georgieva expected the global economy recovery will be in 2024, despite her vision that growth in 2023 will slow down, according to her interview with CNBC on Tuesday.

Georgieva added that “our projection is that we will go by half a percentage point down vis-a-vis 2022,” she made these remarks at the World Economic Forum in Davos, Switzerland.

Earlier, IMF’s head commented that fragmentation could cost the global economy up to 7 percent of GDP.

According to the issue of central banks potentially cutting interest rates, she added that inflation is slowing down but remains “still quite high.”

Last week, the U.S. saw its inflation rate hit its lowest level since October 2021, while euro zone inflation dropped for a second consecutive month in December.