The danger of recession in the world increased, IMF asked governments to take tough measures

International Monetary Fund (IMF) chief Kristalina Georgieva said on Thursday that governments around the world need to act, as the risk of a global recession has increased. He has asked policy makers across the world to take big steps in this regard.

The International Monetary Fund (IMF) has said on Thursday that governments around the world need to take steps.

International Monetary Fund (IMF) chief Kristalina Georgieva said on Thursday that governments around the world need to act, as the risk of a global recession has increased. He has asked policy makers across the world to take major steps in this regard, so that the risk of global recession is reduced. He says that the risk of global recession has increased due to repeated economic shocks.

Ahead of the IMF’s annual meeting next week, the fund’s managing director said it is important to stabilize the global economy by addressing the challenges that are currently emerging. In these challenges, he has also told rising inflation.

Georgieva said that governments need to work together to end this difficulty, so that dangerous situations can be avoided. But he warned that the process would be painful. He said that if central banks take a more aggressive approach to reduce price pressure, it could lead to a prolonged economic slowdown. Finance ministers and central bank governors from more than 180 countries will meet in Washington next week.

Even a slight increase in salary is a matter of trouble

Earlier, the IMF said that the recent move by central banks around the world to tighten their monetary stance will help prevent the penetration of high inflation. The International Monetary Fund (IMF) said this in a report released on Wednesday. The report, released ahead of the annual meeting of the IMF and the World Bank, said that the current combination of high inflation and modest wage growth has raised concerns about a rise in prices along with wages. This is a situation in which both the price and the salary increase over a long period of time.

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The report said that many economies have seen a sharp rise in inflation since 2021. The global economy and labor market have been severely affected due to adverse supply shocks amid the Kovid-19 pandemic.

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