Tough year ahead, but there are signs of resilience: IMF Deputy Managing Director on 2023 outlook

Headquarters of the international monetary fund, Washington DC. [Photo: Wikimedia]

Deputy Managing Director of the International Monetary Fund (IMF), Gita Gopinath, said that there is a tough year ahead but there are signs of resilience as she was describing the IMF’s outlook for 2023.

Gopinath oversees the work of staff, represents the Fund at multilateral forums, leads the Fund’s work on surveillance and related policies, and oversees research and flagship publications.

In a video message that the IMF deputy managing director shared on her twitter handle said, “We have a tough year ahead, but there are signs of resilience”.

In an over one minute video, Gopinath explained rising inflation and fallout from the ongoing Russia-Ukraine war, combined with the lingering effects of the pandemic, would make 2023 a tough year. However, she also added that a strong labour market in several countries and consumption holding up in several parts of the world indicated resilience.

“A tough year, because we have high levels of inflation around the world, even though it’s been coming down the last few months,” she said. “Tough year because we still have the war and its spill-overs to the rest of the world.

Earlier, during an interview with CNBC TV-18 at Davos, Gopinath also voiced her concerns about the effects of the war and the pandemic.

Click to comment
To Top