COVID: IMF will cause global economy to lose $ 12.5 trillion in output by 2024

Date:

According to Cristalina Georgieva, managing director of the International Monetary Fund (IMF), the global economy will lose $ 12.5 trillion in output by 2024 due to a pandemic. Inflation is not a universal phenomenon, but she said it is a problem in many countries, especially the United States.

Consumer prices in the United States rose 7% in the 12 months to December 2021, the largest annual rise in nearly 40 years.

The Federal Reserve Board and others have suggested that a rate hike is imminent in 2022. “The spillover effect on emerging markets … could add fuel to the divergent fire,” Georgieva said. Rate hikes in developed countries increase the cost of borrowing and sucking up investment from emerging markets.

According to IMF Managing Director Cristalina Georgieva, the global economy will lose $ 12.5 trillion in output by 2024 due to a pandemic. Inflation is not a universal phenomenon, but she said it is a problem in many countries, especially the United States.

She said the IMF is calling on countries to continue to strengthen their defenses against current and future pandemics. Ensuring more diverse production of vaccines and reducing dependence on imports in Africa and other regions is “very important”, she was reported by the Global Newswire.

She said she expects demand for IMF funding to increase this year. On Friday, the IMF’s board will discuss new resilience and sustainability trust financing tools backed by groups from 20 countries in October.

Fiber2Fashion News Desk (DS)

var BlockNumber = 2; //Infinate Scroll starts from second block
var NoMoreData = false;
var inProgress = false;

$(‘html’).bind(‘pagebeforecreate’, function (event) {
$(“#arftslider”).addClass(“slickfoardis”);
$(“#arftslider nav”).addClass(“aros”);
$(“#arftslider nav div div div”).addClass(“aros”);
});

$(document).ready(function () {

var newsId = $(“#hdnnewsId”).val();
GetPrevNextNews(newsId)
CreateReadNewsCookie(newsId)
var hdnAudioURL = $(“#hdnAudioURL”).val();
var hdnIsDisplayAudioPlayer = $(“#hdnIsDisplayAudioPlayer”).val();
var hdnNewsType = $(“#hdnNewsType”).val();
if(hdnIsDisplayAudioPlayer!=undefined && hdnIsDisplayAudioPlayer!=” && hdnIsDisplayAudioPlayer!=null
&& hdnIsDisplayAudioPlayer!=’undefined’ && hdnIsDisplayAudioPlayer.toLowerCase() == ‘true’)
{
if(hdnAudioURL!=undefined && hdnAudioURL!=” && hdnAudioURL!=null && hdnAudioURL!=’undefined’)
{
if(hdnNewsType.toLowerCase() == ‘free’)
{
AppendAudioControltoDiv(hdnAudioURL)
}
}
}

var top_of_element = $(“#divFacebookComments”).offset().top;
var bottom_of_element = $(“#divFacebookComments”).offset().top + $(“#divFacebookComments”).outerHeight();

var bottom_of_screen = $(window).scrollTop() + $(window).innerHeight();
var top_of_screen = $(window).scrollTop();

$(window).scroll(function (event) {
var p = $(“.news-details-main”);
var offset = p.offset();
var lastScrollTop = offset.top;
var st = $(this).scrollTop();

var p1 = $(“.newsletter-main”);
var offset1 = p1.offset();
var lastScrollTop1 = offset1.top;

if (st > (lastScrollTop + 130) && st < lastScrollTop1 – 780) {
$("#arftslider").removeClass("slickfoardis");
}
else {
$("#arftslider").addClass("slickfoardis");
}

//Facebook plugin start

//(function () {
// var e = document.createElement('script');
// e.src = document.location.protocol + '//connect.facebook.net/en_US/all.js';
// e.async = true;
// document.getElementById('fb-root').appendChild(e);
//}());
//window.fbAsyncInit = function () {
// FB.init({ appId: '1639088046145622', version: 2.4, xfbml: true });
// if (typeof facebookInit == 'function') {
// facebookInit();
// }
//};
//function facebookInit() {
// FB.XFBML.parse();
//}
//Facebook plugin end
});
});

$(window).load(function () {
$("#arftslider nav").removeClass("aros");
$("#arftslider nav div div div").removeClass("aros");
});

function AppendAudioControltoDiv(hdnAudioURL)
{
$("#divaudioid").prepend("“);
}

COVID: IMF will cause global economy to lose $ 12.5 trillion in output by 2024

Source link COVID: IMF will cause global economy to lose $ 12.5 trillion in output by 2024

The post COVID: IMF will cause global economy to lose $ 12.5 trillion in output by 2024 appeared first on Eminetra.

LEAVE A REPLY

Please enter your comment!
Please enter your name here

Share post:

Popular

More like this
Related

Richest People in World Are Not Traders, Says Michael Saylor

MicroStrategy CEO is not bothered by not taking profit,...

A good tale can tempt us to forget the truth about markets

The author is the editor-in-chief of Money Week One thing...

Lt. Gov. Dan Patrick withdraws from speaking at NRA convention – Riverside, California

Riverside, California 2022-05-27 10:47:29 – The NRA Convention will...