Inflation & Prices

‘Buckle Up’ as Inflation Fight Threatens Growth, IMF Chief Warns

Next year will ‘feel like a recession’ for millions: Georgieva
Has ‘no doubt’ IMF board will approve food-shock window

IMF Managing Director Kristalina Georgieva talks about global recession risks, inflation, what central banks need to do and the war in Ukraine. She speaks to Bloomberg’s Francine Lacqua at “The Earthshot Prize Innovation Summit” in New York.Source: Bloomberg

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By Eric Martin and Christopher Condon

September 21, 2022 at 7:11 PM UTC

This article is for subscribers only.

International Monetary Fund Managing Director Kristalina Georgieva said she expects slowing growth from higher borrowing costs will make next year feel like a recession for millions of people, even if the global economy avoids a technical downturn.

“Increased interest rates will bite and we will see the impact on growth,” Georgieva said in an interview Wednesday in New York with Bloomberg Television’s Francine Lacqua.