International Monetary Fund (IMF) Managing Director Kristalina Georgieva (pictured) highlighted on Friday that, despite the challenges posed by growing inflation and elevated interest rates, the global economy has managed to sustain positive growth.
Speaking at the World Economic Forum in Davos, Georgieva underlined that for the first time in history, high inflation and restrictive monetary policies have not triggered a recession in the world, stressing that the optimal outcome of this crisis would be to lower inflation to target levels, sustain robust employment, restore confidence, and ensure the economy continues to function effectively.
