Kristalina Georgieva is the managing director of IMF and has been so since 2019. Ms Georgieva is the first Bulgarian to lead the IMF.

In an interview aired on CBS’s Face The Nation on January 1st, International Monetary Fund Managing Director Kristalina Georgieva declared, “we expect one-third of the global economy to be in recession.” The cause for this will be the slowing of the world’s three largest economies, the United States, the European Union, and China.

Recessions can have a significant impact on the cryptocurrency industry. During times of economic downturn, people may be more inclined to invest in safe-haven assets such as Bitcoin, which has a history of being relatively stable during times of economic uncertainty.

On the other hand, the prices of many cryptocurrencies can be highly volatile, and the value of a particular cryptocurrency may be influenced by a variety of factors, including market demand, government regulations, and overall economic conditions. As a result, it is difficult to predict how the cryptocurrency market will react to a recession.