An exterior view of the building of the International Monetary Fund (IMF) in Washington, D.C., March 27, 2020. (AFP Photo)
CNBC: IMF says global economy faces ‘confluence of calamities’ in biggest test since World War II
* In a blog post ahead of this week’s World Economic Forum, IMF Managing Director Kristalina Georgieva said the global economy faces its “biggest test since the Second World War.”
* In combining the Russia-Ukraine war, the Covid-19 pandemic and the spike in volatility in financial markets and persistent threat from climate change, the IMF said the world faces a “potential confluence of calamities.”
The International Monetary Fund has warned against “geoeconomic fragmentation” as policymakers and business leaders gather at the World Economic Forum in Davos, Switzerland.
In a blog post ahead of this week’s event, IMF Managing Director Kristalina Georgieva said the global economy faces its “biggest test since the Second World War,” with Russia’s invasion of Ukraine compounding the residual economic effects of Covid-19 crisis, dragging down growth and driving inflation to multi-decade highs.
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IMF Says The Global Economy Is Facing Its Biggest Test Since The WWII
IMF Chief Does Not Expect Recession but It Isn't 'Out of the Question' -- Reuters
Global economy faces 'its biggest test' since WWII -- CNN
IMF Warns Against Global Economic Fragmentation From Ukraine War -- Bloomberg
Davos updates: IMF chief says global recession not expected -- AP
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