IMF forecasts Europe in deep recession

The IMF review notes that the events around Ukraine and the sanctions imposed against the Russian Federation will lead to a deep recession in the European economy. The rise in fuel prices will continue. Groceries will rise in price. Eastern European financial systems may face high risks. In addition, there will be a problem associated with the flow of refugees. At the same time, IMF analysts noted that the United States has minor economic ties with both Russia and Ukraine. In this regard, the American economy will not feel the serious consequences of the conflict between these countries. However, the US is under pressure from high inflation, and it is likely to continue to rise. Fund analysts believe that the situation related to Ukraine will affect the entire global economy. Its growth rate will slow down. At the same time, inflation will grow at an accelerated pace. Many countries will face supply disruptions as well as financial transaction problems.

Source: xCritical.com