IMF chief: Global economic recovery remains weak

The recovery of the global economy remains weak, including against the backdrop of significant inflation and problems in the financial sector, Managing Director of the International Monetary Fund (IMF) Kristalina Georgieva said at a joint session with World Bank President David Malpass, Report informs referring to foreign media.

“We are so looking forward to a strong global economic recovery, which is still weak,” she said.

According to the head of the IMF, the global economy is facing the problem of significant inflation, to combat which central banks are forced to raise rates, which causes a reduction in available liquidity and problems in the financial sector.