Faced with the double challenge of the Covid-19 crisis and the invasion of Ukraine, Kristalina Georgieva calls for rapid and multilateral action by central banks.
At the very moment when Christine Lagarde gave her press conference, her successor at the head of the International Monetary Fund (IMF), Kristalina Georgieva, delivered a foretaste of the forecasts on the world economy which will be published next Tuesday.
With a message to his predecessor, who became President of the ECB: Central banks must be ready to act, they must communicate clearly and beware offallout from monetary tightening“. A summary of the challenge facing central bankers: taming inflation without breaking growth, weakened by the double crisis formed by the Covid and the war in Ukraine.
Read alsoWar in Ukraine: the threat of a new burst of inflation hangs over the French economy
Unsurprisingly, the boss of the IMF warned that the growth forecasts, published next Tuesday on the occasion of the spring meetings of the fund and the World Bank, would be revised downwards for 2022 and 2023. In January, the growth of the Global GDP for this year had already been diminished, to 4.4%. Prospects will be…
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