‘The worst is yet to come’: IMF says 2023 will ‘feel like a recession’

‘The worst is yet to come’: IMF says 2023 will ‘feel like a recession’

ByHero Agyapong Mensah

The International Monetary Fund (IMF) has predicted a tough 2023 as it cut growth predictions and forecast economic contraction in a third of the world. “The worst is yet to come,” the global financial institution’s World Economic Outlook report said. “For many people 2023 will feel like a recession,” it added. A downward revision of…

IMF Releases $1.3bn In Emergency Aid For Ukraine

IMF Releases $1.3bn In Emergency Aid For Ukraine

ByHero Agyapong Mensah

The International Monetary Fund announced Friday it will provide $1.3 billion in emergency aid to Ukraine through its new food crisis assistance program. The package will help meet Ukraine’s “urgent balance of payment needs… while playing a catalytic role for future financial support from Ukraine’s creditors and donors,” the IMF said in a statement. “The…