RIYADH: Countries worldwide are urged to diversify their sources of energy imports, CNBC Arabia reported, citing the International Monetary Fund’s first deputy managing director, Gita Gopinath.
This comes as the energy sector is projected to witness a major change as a result of the war between Russia and Ukraine, Gopinath said.
This will, in return, affect the growth of the global economy. That said, the fund has reduced its forecast for the growth of economies by 0.8 percent, she revealed.
In terms of the Eurozone economy, no technical recession is anticipated in the near future, according to Gopinath.
On the future of the currency market, she noted that the US dollar will remain the dominant currency in the foreseeable future.
