The head of the International Monetary Fund warned Thursday that Russia's war against Ukraine was weakening the economic prospects for most of the world's countries and called high inflation 'a clear and present danger' to the global economy.
The head of the International Monetary Fund warned Thursday that Russia's war against Ukraine was weakening the economic prospects for most of the world's countries and called high inflation "a clear and present danger" to the global economy.
An unexpectedly strong recovery from 2020's pandemic recession has caught businesses by surprise, leaving factories, ports and freight yards unable to keep up with robust customer demand and forcing prices higher. "In a world where war in Europe creates hunger in Africa; where a pandemic can circle the globe in days and reverberate for years; where emissions anywhere mean rising sea levels almost everywhere -- the threat to our collective prosperity from a breakdown in global cooperation cannot be overstated," Georgieva said.
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