The global economy suffers from the war in Ukraine and the pandemic.
The global economy has demonstrated resilience to a few negative shocks — pandemics, wars, climate events, and the cost-of-living crisis. The recovery from these shocks continues slowly and unevenly, IMF chief Kristalina Georgieva said. “Trillions of dollars in global production have been lost compared to pre-pandemic global trends,” she said. According to her, only the US has fully recovered among the largest economies. The Eurozone continues to lag by around 2%, while China and other developing and emerging market countries