IMF chief says global economy ‘less dire’ but long climb ahead | Malay Mail

IMF Managing Director Kristalina Georgieva said the IMF was continuing to project a ‘partial and uneven’ recovery in 2021. In June, the Fund forecast 2021 global growth at 5.4 per cent. ― Reuters pic

“But this calamity is far from over. All countries are now facing what I would call ‘the long ascent’ — a difficult climb that will be long, uneven, and uncertain. And prone to setbacks,” she added in a speech billed as her “curtainraiser” for next week’s IMF and World Bank Annual meetings. Georgieva said the IMF was continuing to project a “partial and uneven” recovery in 2021. In June, the Fund forecast 2021 global growth at 5.4 per cent.

The climb is Acclivitous and Vagarious!

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