The International Monetary Fund (IMF) chief Kristalina Georgieva said that the world is likely to avoid a recession in 2023. In an exclusive interview with CNBC-TV18 on the sidelines of the G20 meeting in Bengaluru, the managing director of IMF said that the resilience of labour markets and a mild winter in Europe have helped countries in avoiding a recession.
"Looks like we will avoid a recession. Europe has quickly managed to overcome its dependence on Russian oil and gas. China has opened up and that has created more impetus for growth. India is a bright spot with 15 percent growth coming from India," said Georgieva.
The IMF chief praised India and the Finance Ministry for creating an enabling atmosphere to build consensus and a spirit of collaboration. She added that India must continue with structural reforms, continue on the path of inclusiveness and create more opportunities for women.
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