IMF chief says 'too early to say' if world facing sustained inflation | Inquirer Business

IMF chief says ‘too early to say’ if world facing sustained inflation

/ 06:28 AM February 04, 2022
IMF chief says 'too early to say' if world facing sustained inflation

FILE PHOTO: IMF Managing Director Kristalina Georgieva speaks at a news conference ahead of the World Economic Forum (WEF) in Davos, Switzerland, on January 20, 2020. REUTERS/Denis Balibouse//File Photo

WASHINGTON The head of the International Monetary Fund (IMF) said it was “too early” to say if the world was facing a period of sustained inflation, but warned that failure to make economies more resilient to future shocks could lead to big problems.

IMF Managing Director Kristalina Georgieva told reporters that global policymakers need to carefully calibrate their fiscal and monetary policies in 2022 to factor in varying country-specific conditions, including inflation and the space for additional fiscal support.


Unlike the first year of the pandemic in 2020, when finance ministers and central bankers coordinated and synchronized their actions, circumstances varied widely now across the world, and that required more “specificity” in responses, she said.

Georgieva said the COVID-19 pandemic remained the biggest risk facing the global economy, and it was imperative to step up efforts to increase vaccination rates in low-income countries and meet a global target of vaccinating 70% of people in countries around the world by mid-2022.



IMF chief warns Omicron could slow global growth

IMF turns bullish on PH

Inflation seen to get ‘much hotter’ before cooling down by mid-2022

Read Next
Don't miss out on the latest news and information.

Subscribe to INQUIRER PLUS to get access to The Philippine Daily Inquirer & other 70+ titles, share up to 5 gadgets, listen to the news, download as early as 4am & share articles on social media. Call 896 6000.

TAGS: economy, Health, IMF, Inflation, pandemic
For feedback, complaints, or inquiries, contact us.

© Copyright 1997-2022 | All Rights Reserved

We use cookies to ensure you get the best experience on our website. By continuing, you are agreeing to our use of cookies. To find out more, please click this link.