Saturday, June 10, 2023
21.9 C
New Jersey

Global Economic Recovery Remains Weak, Says International Monetary Fund

Must read

Ziad Najjar
Ziad Najjar is an Egyptian author who studied business and finance in the United States and has a keen interest in media. He combines his expertise in these fields to create informative and engaging works accessible to a broad audience.

International Monetary Fund Managing Director Kristalina Georgieva pointed out that the global economic recovery remains weak, including against the backdrop of high inflation and problems in the financial sector.

“We are very much looking forward to a strong recovery (of the world economy), which is still weak,” she said today, Monday, in a joint meeting with World Bank President David Malpass.

According to the head of the International Monetary Fund, the world economy is facing the problem of “significant inflation”, and to combat it, central banks are forced to raise interest rates, which causes a decrease in available liquidity and problems in the financial sector.

Yesterday, the official said that the global economic system is in a weak position due to attempts by the world’s central banks to fight inflation.

Source: News

More articles

Latest article