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Recession fears as winter 2023 outlook worse than previous year, chief economist at IMF says – Source – Global News

The International Monetary Fund’s (IMF) world outlook is offering a chilly winter forecast. “Winter 2022 will be challenging. But winter 2023 will likely be worse,” says Pierre-Olivier Gourinchas, the chief economist for the IMF. The World Bank and the IMF warn next year will feel like a recession after a series of unprecedented shocks and risks.