IMF’s Georgieva Warns Adverse Scenario Already Unfolding as War Persists

IMF Managing Director Kristalina Georgieva warned at a conference that the Fund’s baseline outlook is no longer applicable as the Middle East conflict continues. The IMF’s “reference scenario,” which assumed a short-lived war and projected global growth of 3.1% with inflation at 4.4%, is now “further and further behind in the rear-view mirror,” she said. […]

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