Global economic growth may be reaching a turning point, IMF chief says – The National

Global economic growth may be reaching a turning point, IMF chief says – The National

Global economic growth may be reaching a “turning point”, supported by falling inflation and China’s reopening, International Monetary Fund managing director Kristalina Georgieva said on Sunday.

“While this is encouraging, the balance of risks remains tilted to the downside. China’s recovery could stall [and] inflation could remain higher than expected,” said Ms Georgieva, who was speaking at the seventh Arab Fiscal Forum in Dubai.

“Russia’s war in Ukraine could escalate, causing further fragmentation of the global economy.”