'2023 will feel like recession,' warns IMF amid economic downturn
Image Credit: NewsBytes
The International Monetary Fund (IMF) warned on Tuesday that global growth may see a further drop in 2023 as economies worldwide struggle to deal with the Russia-Ukraine crisis fallout, AFP reported. It noted that it would result in increased costs of living and economic downturns. Notably, the global economy has taken numerous blows in recent years, including the Russia-Ukraine war and the COVID-19 pandemic.