World inflation not fully defeated yet, IMF's Georgieva says

Quick Summary:

Global policymakers have made remarkable progress in tackling inflation without inducing a recession, but some work remains to be done, International Monetary Fund Managing Director Kristalina Georgieva said in Davos.

"We need to push it all the way down".

"The head of the genie is in the bottle, most of the body of the genie is in the bottle, kind of getting stuck there, but the legs are kind-of hanging still out," Georgieva told the World Economic Forum when asked if the 'genie' of inflation had been defeated.

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Article Details

Category: EconomyBusiness

Markets: SingaporeSwitzerland

Topics: Director World Kristalina Managing Economic Genie Georgieva Forum Fund International Monetary

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-01-24 @ 18:43:54 (7 hours ago)

News Timezone: GMT +8:00

News Source URL: channelnewsasia.com

Language: English

Article Length: 165 words

Reading Time: 1 minutes read

Sentences: 7 lines

Sentence Length: 24 words per sentence (average)

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Copyright Owner: © Channel News Asia

News ID: 25399613

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