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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.
The International Monetary Fund warned 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
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.
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.
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.