The head of the International Monetary Fund has warned that a third of the world's economy will be in a recession this year.
The US, EU and China are all seeing their economies slow.
The global economy is being weighed down by rising prices, higher interest rates and the spread of Covid in China.
The global economic growth outlook was lowered by the International Monetary Fund.
According to Ms Georgieva, one third of the world's economy is expected to be in a recession.
She said that it would feel like a recession for hundreds of millions of people.
The war in Ukraine as well as higher interest rates caused the International Monetary Fund to cut its outlook for global economic growth in the years to come.
China has begun to reopen its economy after scrapping its zero Covid policy.
China, the world's second largest economy, will face a difficult start to the next decade according to Ms. Georgieva.
The impact on Chinese growth would be negative, the impact on the region would be negative, and the impact on global growth would be negative.
190 countries are members of the International Monetary Fund. They work together to make the world a better place. Its main role is to act as an economic warning system.
The Chinese economy is expected to weaken at the end of the year.
China's factory activity fell for the third month in a row in December, at the fastest rate in almost three years, as coronaviruses spread in the country's factories.
Home prices in 100 cities fell for the sixth month in a row according to a survey by one of the country's largest independent property research firms.
In his first public comments since the change in policy, the president called for more effort and unity.
There's a video of a woman on... China has a surge in Covids.
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