WASHINGTON (Reuters) – International Monetary Fund Managing Director Kristalina Georgieva said on Tuesday that new IMF forecasts due in April will show that the war in Ukraine will slow global economic growth, but not cause a global recession.
Speaking at a webinar hosted by Foreign Policy magazine, Georgieva said that some of the weak emerging economies that are still finding it difficult to overcome the “Covid-19” pandemic are facing the risk of recession due to shocks from high food and energy prices and tightening financial conditions resulting from increases Interest rates in advanced economies.
She stressed that the sanctions regime against Russia does not portend the demise of the dollar as a reserve currency.
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