How Close Are We To a Recession? IMF Says Economy Faces ‘Biggest Test’ Since WWII. Posted byMadeline Garfinkle May 23, 2022 Leave a comment on How Close Are We To a Recession? IMF Says Economy Faces ‘Biggest Test’ Since WWII. The International Monetary Fund called attention to a “confluence of calamities” with catastrophic implications for the global economy.