The International Monetary Fund (IMF) warned that the war against Ukraine is weakening the economic prospects of most countries of the world.
The International Monetary Fund (IMF) warned on Thursday that the war against Ukraine is weakening the economic prospects of most countries of the world. And the high rate of inflation is a clear threat to the global economy.
international monetary fund (IMF) warned on Thursday that the war against Ukraine (Ukraine War) Due to which the economic prospects of most countries of the world are weakening. and inflation (Inflation) high rate of global economy (Global Economy) There is clearly a danger to. IMF Managing Director Kristalina Georgieva said that Russia on Ukraine (Russia) Due to the attack, the economic condition of 186 countries has deteriorated. The war has disrupted global trade in energy and grain. There is a danger of food shortage in Africa and West Asia. He said this ahead of the next week’s meetings of the IMF and the World Bank in Washington.
Georgieva said that the recession caused by the 2020 pandemic has led to an unexpectedly strong recovery in economies. This has taken the companies by surprise and they were unable to meet the strong customer demand, which has pushed up the prices. He further said that inflation is a major setback for the global revival. According to him, in view of the high inflation, the central banks of various countries are increasing the interest rates.
Loss of global cooperation will cause damage: IMF chief
Georgieva also warned about the division of the world economy into geopolitical segments. On the one hand, Western countries are imposing far-reaching sanctions on Russia. At the same time, China has supported President Vladimir Putin’s move to attack. The IMF chief said that the risk of collectively prospering from the breakdown of global cooperation cannot be ruled out.
Apart from this, let us tell you that in a new working paper of the International Monetary Fund, it has been said that India has almost eradicated extreme poverty through government food schemes and has brought inequality in its consumption to the lowest level of 40 years. Let us inform that the working paper of IMF has been published by economists Surjit Bhalla, Arvind Virmani and Karan Bhasin. It states that the proportion of people living in extreme poverty remains at less than one percent level. It has remained stable at this level even during the pandemic.
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