Not expecting recession but it isn't out of question: IMF MD

International Monetary Fund's (IMF) Managing Director Kristalina Georgieva on Monday said she doesn't expect a recession for the world's major economies "at this point". However, she added, "It doesn't mean it's out of the question." The "horizon has darkened" since the IMF downgraded its 2022 growth outlook because of war in Ukraine, China's slowdown and global price shock, she added.