International Monetary Fund Managing Director Kristalina Georgieva said she was less concerned about the risk that the war in Ukraine and a further slowdown in China might trigger a global recession than about the strength of the trend towards Economic and political fragmentation.
The IMF last month cut its forecast for global growth for 2202 to 3.6% from 4.4%, the second cut this year.
According to CNBC Arabia, Georgieva reiterated her warning that events since then could trigger further reductions in expectations.
But she told a panel discussion at the World Economic Forum in Davos, Switzerland, that this was not the biggest concern on her mind at the moment.
What worries us most, she said, is the danger that we are going into a world of further fragmentation, with trade and currency blocs, dividing what has hitherto been a global economy. integrated.
Georgieva continued the trend towards strong fragmentation.
