IMF's Georgieva: G7 finance leaders need to prepare for multiple potential inflationary shocks

Joel Frank Independent Analyst

International Monetary Fund (IMF) Managing Director Kristalina Georgieva said that G7 finance leaders need to prepare for the prospect of multiple potential inflationary shocks, reported Reuters on Thursday. Costs are being driven higher by the war in Ukraine and China's zero-Covid-19 policy, she added. It is getting harder for central banks to bring down inflation without causing a recession, Georgieva added.

"I think what we need to start getting more comfortable with is, that may not be the last shock," Georgieva said on the sidelines of this week's G7 meeting to Reuters.

Author

Joel Frank

Independent Analyst

Joel Frank is an economics graduate from the University of Birmingham and has worked as a full-time financial market analyst since 2018, specialising in the coverage of how developments in the global economy impact financial asset

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