Donate

Play Live Radio

Next Up:

0:00

0:00 0:00

Available On Air Stations

SC Public Radio's statewide network is experiencing intermittent outages and programming issues due to ongoing infrastructure upgrades. Our team is working to keep these disruptions to a minimum and to resolve issues that do arise. Streaming on this site, the SCETV App, the NPR App, and smart speakers is unaffected.

IMF head warns that third of world economy to hit recession in 2023

NPR

Published January 4, 2023 at 1:11 PM EST

2023 is going to be a tough year for global economies as the driving economies of global growth — the U.S., Europe and China — all experience weakening activity, according to the head of the International Monetary Fund. The new year is going to be, “tougher than the year we leave behind,” IMF managing director Kristalina Georgieva said on CBS’s Face the Nation on Sunday.

Why is this happening? How bad could it be? KPMG’s chief economist Diane Swonk joins Here & Now‘s Deepa Fernandes to discuss.

This article was originally published on WBUR.org.