The International Monetary Fund (IMF) is expected to cut down its global growth forecast for 2022 due to Russia’s invasion of Ukraine, according to the managing director of the agency, placing a damper on the post-pandemic economic recovery that was critical to many nations.
“We think that we would be downgrading our growth projections as a result of the crisis, but we still expect the world to be in positive growth territory,” Kristalina Georgieva told CNBC. “Obviously, how long this war goes is the main uncertainty factor we face.”
