This year was supposed to confirm the world economy's comeback from the Covid pandemic crisis. Instead, the six-month-old war in Ukraine has sparked fears of recession
International Monetary Fund (IMF) Chief Economist Pierre Olivier Gourinchas speaks during an interview with AFP at the IMF headquarters in Washington, DC, on July 26, 2022. Surging inflation and severe slowdowns in the United States and China prompted the IMF on July 26, 2022, to downgrade its outlook for the global economy this year and next, while giving an even starker assessment of what may lie ahead. Image: OLIVIER DOULIERY / AFP