IMF’s Georgieva: Seeing dangerous divergence with countries pulling out of pandemic

Eren Sengezer FXStreet

International Monetary Fund (IMF) Managing Director Kristalina Georgieva noted on Monday that they are seeing a dangerous divergence between developing and developed countries as they recovery from the pandemic, as reported by Reuters.

The recovery in developing countries is held back by slower COVID-19 vaccination, Georgieva added while speaking at the Paris Peace Forum. "That is danger for the coherence of growth and it is also a danger for global stability and security," she said.

Market reaction

These comments don't seem to be having a noticeable impact on market sentiment.

Author

Eren Sengezer

FXStreet

As an economist at heart, Eren Sengezer specializes in the assessment of the short-term and long-term impacts of macroeconomic data, central bank policies and political developments on financial assets.

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