International News Desk
According to Ug News Media Europe,International Monetary Fund (IMF) Managing Director Kristalina Georgiyeva said there are reasons to believe that the US economy can avoid recession this year, and if it does, it will be a “very mild recession.”Ug News Media Europe” informs about this with reference to “Reuters”.Kristalina Georgiyeva said that despite the increase in interest rates needed to fight inflation, the US labor market remains strong and consumer demand is strong:”In addition, the sources of economic growth have become more diversified. This gives reason to expect that the US can avoid recession. And in fact, I would even say that if it is technically a recession, then it will be a very mild recession.
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