Downbeat IMF boss predicts an uneven and slow recovery
- Kristalina Georgieva offers a sobering outlook
- Economies have been hit by supply chain shocks and the Ukraine war
- Some are doing better than others at fighting back
Slow progress: Kristalina Georgieva
The International Monetary Fund boss yesterday warned of a ‘slow and uneven’ recovery for the global economy after ‘a string of major shocks’.
Speaking after the G20 summit in Delhi, Kristalina Georgieva said countries were ‘gradually healing’ but offered a sobering outlook.
Economies have been hit by supply chain shocks caused by the pandemic and the Ukraine war, which triggered inflation.
But some are doing better than others at fighting back. She said: ‘The recovery is slow and uneven, with medium-term growth prospects the weakest in decades.’
She added: ‘The risk of further divergence is real, with richer countries being more resilient.’
Georgieva urged them to deliver on an unmet promise of £80billion a year to help developing nations with climate change.