The IMF and World Bank annual Spring meetings start this weekA hit to the German economy of a possible $4 trillion loss in output will feature as a major concernThe confluence of economic, climate and security crises makes it unlike anything global policymakers have seen since 1945. That’s the Germany-sized hole in the growth outlook through 2026 that International Monetary Fund chief Kristalina Georgieva identified last week as a looming risk. That the IMF and World Bank annual meetings will be fully in-person for the first time since the outbreak of Covid-19 in early 2020, showing progress in bringing the pandemic to heel, will be of limited comfort given other headaches. READ| Downsize Eskom debt, IMF urges governmentThat the IMF and World Bank annual meetings will be fully in-person for the first time since the outbreak of Covid-19 in early 2020, showing progress in bringing the pandemic to heel, will be of limited comfort given other headaches. The current confluence of economic, climate and security crises makes it unlike anything global policy makers have seen since 1945.

Source: News 24 October 09, 2022 23:29 UTC