Home Economic Times IMF chief: Ukraine warfare to sluggish world progress, some international locations face recession threat

IMF chief: Ukraine warfare to sluggish world progress, some international locations face recession threat

IMF chief: Ukraine warfare to sluggish world progress, some international locations face recession threat

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New Worldwide Financial Fund forecasts due in April will present that the warfare in Ukraine will sluggish world financial progress, however won’t trigger a world recession, IMF Managing Director Kristalina Georgieva stated on Tuesday.

Georgieva, talking in a web-based occasion hosted by Foreign Policy journal, stated that some weak rising economies nonetheless fighting the COVID-19 pandemic face the danger of recession because of shocks from greater meals and vitality costs, and tighter monetary circumstances because of rate of interest hikes in superior economies.

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