The Second Deputy Governor of the Bank of Ghana, Mrs. Elsie Addo Awadzi, has indicated that the world’s economy would be in trouble in 2023.
She detailed that the International Monetary Fund (IMF) predicts a global recession in 2023 according to its latest indications on the global economy.
Mrs. Ahadzi was speaking at the 21st annual Chief Executive Officers Conference for Rural and Community Banks in Ho, Volta Region.
“Just yesterday, the IMF released its latest numbers on the global economy and the outlook for 2023 is a global recession. The whole world’s economy is in trouble”, she stressed.
She added that “this large unusual threat from the Covid-19 pandemic, the Ukraine-Russia war, from the unprecedented levels of inflation. Even in the advanced economies talking about 10%, 11% inflation which used to be a developing country’s phenomenon, today in the US, the EU, the UK are struggling with it and you see…
