IMF chief warns there will be 'people on the street' globally unless steps taken to ease inflation | CNN Business

  • 📰 cnni
  • ⏱ Reading Time:
  • 23 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 13%
  • Publisher: 59%

Business News News

Business Business Latest News,Business Business Headlines

'It is important to think that this compounded impact of multiple crises is already testing the patience and resilience of people.'

There will be “people on the street” globally unless steps are taken to protect the most vulnerable from inflation, International Monetary Fund’s chief Kristalina Georgieva warned on Wednesday. “It is important to think that this compounded impact of multiple crises is already testing the patience and resilience of people. And if you don’t take action to support the most vulnerable, there would be consequences,” she told CNN’s Christiane Amanpour.

Events that have driven price increases—mainly the Omicron variant of Covid-19 and Russia’s invasion of Ukraine—have “made inflation today our biggest enemy,” the IMF chief told Amanpour. “This year is tough, next year tougher. Why? Because of a shock upon shock upon shock. In just a short three years: the pandemic , the war, Russia’s invasion pushing energy and food prices up, and then the result is a cost of living crisis,” she told CNN.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

Unless the riot is needed. Some do.

History IMF

MULLAHS are restricting access to the Internet in IRAN to make communication between people harder. They are killing people on streets. Pleas be our voice. MahsaAmini

The internet has been blocked in Iran. World, help us to be heard. Mahsa_Amini iran

IMF leads to slavery.

Bolsonaro is lying to the world, betraying USA and Europe. Do not put your Money in Brasil. Do not buy Agricultural products from Brazil. It has pesticide in very high and dangerous levels.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 326. in BUSİNESS

Business Business Latest News, Business Business Headlines