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International Monetary Fund managing director Kristalina Georgieva has warned that a 10% increase in energy prices that persists for a year would push global inflation up by 40 basis points and slow economic growth by 0.1-0.2%.
Speaking to Bloomberg TV, Georgieva said:
“The world economy has been remarkably resilient. Shock after shock, and yet growth is at 3.3%.
But this resilience is being tested yet again.”
