- Can't rule out 2023 global recession
- Outlook has darkened significantly since last IMF economic update in April
- Will downgrade 3.6% GDP global growth forecast for 2022 and 2023
No one trades off IMF forecasts.
The #1 worry right now is European energy and electricity prices. If Russia cuts off the gas, we could be seeing a crushing recession in Europe that will spill out from there.