February 19, 2022

International Monetary Fund (IMF) Managing Director Kristalina Georgieva said Friday that even as the global economic recovery continues, its pace has moderated. 

"Three weeks ago, we downgraded our global forecast to a still-healthy 4.4 percent – partially because of reassessment of growth prospects in the United States and China," she said.

"Since then, incoming economic indicators point to weaker growth momentum in 2022 due to the emergence of the Omicron variant and supply chain disruptions that are more persistent than previously anticipated. At the same time, inflation readings remain high in many countries, financial markets are more volatile, and geopolitical tensions have sharply increased," Georgieva stressed.

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