Saturday, June 07, 2025 | 06:35 AM ISTहिंदी में पढें
Business Standard
Notification Icon
userprofile IconSearch

US economy will narrowly avoid recession in 2022 and 2023, says IMF

"We are conscious that there is a narrowing path to avoiding a recession in the US," Georgieva said. "We also have to recognize the uncertainty of the current situation"

US economy not letting war, pandemic get in the way of a good time
premium

If there ultimately is a recession, it would likely be relatively short, said Nigel Chalk, deputy director in the IMF’s Western Hemisphere department.

Reade Pickert and Eric Martin | Bloomberg
The US economy is likely to slow in 2022 and 2023 but will “narrowly avoid a recession” as the Federal Reserve implements its rate-tightening plan to curb inflation, the International Monetary Fund said. 
 
“The policy priority now must be to expeditiously slow wage and price growth without precipitating a recession” the IMF said in a statement Friday. “This will be a tricky task,” as global supply constraints and domestic labor shortages are likely to persist, and the war in Ukraine creates additional uncertainties, it said.

The Fed’s plan of quickly getting its benchmark rate to 3.5% to 4% “should create an