Economics
IMF Chief Says Risks to a Broad Global Recovery Are Rising
- Georgieva says vaccine divide, inflation, debt pose dangers
- She doesn’t address World Bank scandal in text of speech
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The International Monetary Fund said the risks to a broad global economic recovery are rising due to a persistent divide in vaccinations, accelerating inflation and burgeoning debt that all threaten to leave developing countries far behind.
The fund expects gross domestic product to “moderate slightly” compared with its 6% expansion projection made in July, Managing Director Kristalina Georgieva said in a virtual speech Tuesday. All three issues were worse for low-income countries and will likely persist in those economies for longer, she said.