Growth Down, Inflation Up; People's Incomes Down, Hardship Up: IMF
NDTV
"Growth is down, inflation is up; people's incomes are down, hardship is up," said International Monetary Fund's MD, Kristalina Georgieva.
"Growth is down, inflation is up; people's incomes are down, hardship is up," said International Monetary Fund's managing director, Kristalina Georgieva, responding to global shocks and managing uncertainty. .@KGeorgieva: "Largely because of Russia's invasion of Ukraine, we are seeing a growth downgrade for 143 countries representing 86% of global GDP.Growth is down, inflation is up; people's incomes are down, hardship is up." #ResilientFuturepic.twitter.com/XosQKl0hde
"Largely because of Russia's invasion of Ukraine, we are seeing a growth downgrade for 143 countries representing 86% of global GDP," she added.
Global economic prospects have been severely set back, primarily because Russia invaded Ukraine. The most immediate priority is to end the war, said the IMF in its latest blog post on world economic outlook growth projections.
