KristalinaGeorgieva, managing director of the International Monetary Fund (IMF), recently warned that the conflict between Russia and Ukraine has had a huge negative impact on the global economy this year, and may continue to drag down the global economic growth in 223.

"We believe that the conflict between Russia and Ukraine is the biggest negative factor in the global economy this year, and it is likely to be the same next year." Georgieva told the media on the sidelines of the G2 summit in Indonesia on Wednesday.

"Of course, anything that creates more anxiety will damage the prospects of economic growth and is not conducive to meeting the needs and aspirations of people all over the world." She added.

The conflict between Russia and Ukraine pushed up the cost of food and energy, which led to a sharp rise in inflation and disrupted the global economy. This, in turn, prompted the Federal Reserve and other central banks to raise interest rates on a large scale to curb soaring prices, thus putting pressure on economic growth.

The high cost of global economic division

Georgieva pointed out in an interview that some signs of division have appeared, because the supply chain was cut off because of the COVID-19 epidemic and the conflict between Russia and Ukraine, which damaged domestic and international growth.

She warned that if the world falls into "different geopolitical groups", it will pay a high price.

"If we don't want to lose $1.4 trillion to $3.4 trillion a year-imagine what we can do with this money-then we should be very careful to predict the consequences of our actions and prevent falling into a poorer and less secure world," she said.

In October this year, Georgieva said that the upcoming economic downturn may be worse than expected, and it may reduce global economic output by about $4 trillion by 226.

the p>IMF said in October that the Russian-Ukrainian conflict may continue to hit the global economy next year, and predicted that the global economic growth rate will drop from 3.2% in 222 to 2.7% in 223.

"This will be the weakest growth performance of the global economy since 21, except for the worst stage of the global financial crisis and the Covid-19 pandemic," the agency said at the time.