Ukraine crisis slowing global economic growth, IMF chief warns

By AFP 14 April 2022, 4:18 pm

Edit

In this September 6, 2021, file photo, Kristalina Georgieva, managing director of the International Monetary Fund (IMF), delivers a speech in Rotterdam, Netherlands. (AP Photo/Peter Dejong, File)

WASHINGTON — The war in Ukraine has undercut the global recovery and slowed expected economic growth in most countries in the world, IMF Managing Director Kristalina Georgieva says.

The war hit as the economy was struggling to recover from the ongoing impact of the COVID-19 pandemic, including accelerating inflation, which also endangers the gains, Georgieva says.

“We are facing a crisis on top of a crisis,” she says in a speech ahead of the spring meetings of the IMF and World Bank.