IMF's Georgieva: A recession is not out of the question for some G7 nations

• Expects 2022 to be a tough year for the global economy
• The economic horizon has 'darkened' since the last round of IMF forecasts

I would say the more immediate threat of recession risks perhaps lies with Europe and the UK.

The former has to battle against surging inflation Inflation Inflation is defined as a quantitative measure of the rate in which the average price level of goods and services in an economy or country increases over a period of time. It is the rise in the general level of prices where a given currency effectively buys less than it did in prior periods.In terms of assessing the strength or currencies, and by extension foreign exchange, inflation or measures of it are extremely influential. Inflation stems from the overall creation of money. This money is m Inflation is defined as a quantitative measure of the rate in which the average price level of goods and services in an economy or country increases over a period of time. It is the rise in the general level of prices where a given currency effectively buys less than it did in prior periods.In terms of assessing the strength or currencies, and by extension foreign exchange, inflation or measures of it are extremely influential. Inflation stems from the overall creation of money. This money is m Read this Term alongside sky-rocketing energy costs amid the fallout of the Russia-Ukraine conflict. Meanwhile, the latter has to deal with rising cost pressures with the cost-of-living crisis squeezing households.

It's not going to be easy to navigate but the outlook is certainly less optimistic than it was at the start of the year. That is not to say other countries are exempt from recession risks, and that includes the US.