Supply chains, inflation overshadow vaccine and debt woes
Supply chain woes and growing inflation concerns pushed aside a widening gap in Covid-19 vaccinations and debt problems for developing countries.
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Supply chain woes and growing inflation concerns pushed aside a widening gap in Covid-19 vaccinations and debt problems for developing countries.
WASHINGTON (AP) — The International Monetary Fund is warning of rising threats to the global economic recovery posed by the ongoing coronavirus pandemic and an outbreak of inflation. The lending agency called Thursday for greater efforts from wealthy nations to boost coronavirus vaccination rates in poorer countries, while also urging the Federal Reserve and other central banks to respond quickly if current inflation pressures prove not to be transitory.
The lending agency issued an updated economic forecast this week that slightly downgraded its forecast for global growth to 5.9% from 6% in July.
Supply chain woes and growing inflation concerns pushed aside a widening gap in COVID-19 vaccinations and mounting debt problems for developing countries as the top concerns for global policymakers at International Monetary Fund and World Bank annual meetings this week.
WASHINGTON—Supply chain woes and growing inflation concerns pushed aside a widening gap in COVID-19 vaccinations and mounting debt ...