The IMF has a disappointing outlook for the global economy

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IMF warns of coming crisis
European truth
14:50, 14.07.2022

High inflation for a long time can hinder the development of the economy



It is reported by Finance.ua with reference to Reuters.

The International Monetary Fund says that next year the risks of a global recession will increase. This, in turn, could lead to a global crisis.

Countries must do everything in their power to bring down high inflation...because sustained high inflation could hamper the recovery and further worsen living standards, especially for the vulnerable," said Kristalina Georgieva, head of the International Monetary Fund.

The head of the IMF stressed that richer countries must provide urgent support to those in need to avoid further hunger, malnutrition and migration.

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Artur Zayonts

Artur Zayonts specialises in news from the frontline. A historian by education, Arthur has always sought to bring depth and context to his journalistic work.