International Monetary Fund Managing Director Kristalina Georgieva speaks at a press conference in Washington D.C., the United States, on March 4, 2020.Second- and third-quarter growth was better than expected, but the global economy is still a long way from full recovery, Kristalina Georgieva, managing director of the International Monetary Fund, said in a TuesdayThe IMF will make a "small upward revision" to its 2020 growth forecast next week after estimating a 4.
Uncertainty around the coronavirus's trajectory also poses a significant risk to recovery efforts, Georgieva said.The global economy is recovering faster than expected but still faces a lengthy and arduous return to pre-pandemic levels, Kristalina Georgieva, managing director of the International Monetary Fund, said.
"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.GOLDMAN SACHS: Buy these 25 stocks expected to generate the greatest returns on their shareholders' investments over the next year as market-wide earnings remain low
Economies' climbs to past highs will also take place amid "extraordinary uncertainty," the managing director said. The rollout of a coronavirus vaccine and effective containment measures could accelerate a country's ascent. Similarly, fresh outbreaks and renewed lockdowns could drag economies back into steep recessions.JPMorgan's $1.
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