The problem with the impact of the war on global growth is that the prospects for post-pandemic recovery "are slowing down",
but "the greatest concern" is the social tensions that risk creating "a more difficult climate for the authorities to take the right decisions ".
This was stated by the director general of the IMF, Kristalina Georgieva,
during a discussion on the sidelines of the meetings in Washington.
The outlook for bearish growth and high inflation, combined with the rise in dollar rates which threatens to trigger a flight of capital from emerging countries, is "a problem that will not go away and is getting worse".
This was stated by the director general of the IMF Kristalina Georgieva, explaining that "for vulnerable countries it is necessary that the rest of the world give the necessary aid, if we do not do it there will be a shock that they will not be able to bear".
Risks to global growth are also highlighted by ECB President Christine Lagarde.
"Our monetary policy will depend on new incoming data and our evolving assessments of the outlook. Under the current conditions of high uncertainty, we will maintain optionality, gradualness and flexibility in the conduct of monetary policy."
Thus the president of the ECB, Christine Lagarde, in a note at the 45th IMF meeting: "We will take all necessary measures to fulfill the ECB's mandate to pursue price stability and help safeguard financial stability," Lagarde explained.
It makes no sense to fix on a day or a timetable, we wait until we have the data. "So the president of the ECB, Christine Lagarde, answers the question whether Frankfurt will raise rates as early as July. Lagarde, speaking during an IMF debate, has explained that the
Meanwhile, a US rate hike of 50 basis points is "on the table" at the May meeting of the Federal Reserve.
Fed Chairman
Jay Powell
said this during a debate at International Monetary Fund meetings in Washington.
The Fed had "the expectation that inflation would fall around this time, and that expectation was disappointed so now we actually want to see progress."
Fed Chairman Jay Powell said this, adding that "we intend to get to neutral rate levels faster".