GREK - IMF's Chief says vaccine divide inflation debt pose risks to global recovery

International Monetary Fund Managing Director Kristalina Georgieva says the broad global recovery is faced with risks ranging from a persistent divide in vaccinations to inflation and a colossal amount of debt. These risks are most heavily pointed towards low-income countries and will likely persist in those economies for longer, she said at a virtual speech. The fund expects gross domestic product to "moderate slightly" compared with its 6% expansion projection from July, she said. (Note that the IMF is scheduled to release a new forecast next week.) "Risks and obstacles to a balanced global recovery have become even more pronounced," since the IMF's last World Economic Outlook in July. As per inflation, Georgieva said price pressures should abate in most countries next year. But if inflation triggers a rapid increase in interest rates and tighter financial conditions, that would "pose a particular challenge for emerging and developing economies with high debt

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IMF's Chief says vaccine divide, inflation, debt pose risks to global recovery