The International Monetary Fund predicts the global economy will face a tougher year in 2023. the effects of recession will be felt around the world as the three main drivers of global growth -- the U.S., China, and Europe -- will start to slow down. She notes China's growth for 2022 is hitting a 40-year low and it can expect further hits to its economy in the coming months after scrapping the country's controversial zero-COVID policy.