global economic downturn

The International Monetary Fund (IMF) has warned of a global economic downturn this year.

Its managing director points out that the United States, China and the European Union are going through a severe economic downturn.

She further stated that it will affect the world economy negatively compared to last year.

This situation has been directly affected by the Ukraine-Russia war and the spread of Covid.

According to the analysis of the International Monetary Fund, China has been the most economically affected this year.

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