off-the-wire

IMF's says global economy needs to overcome weak growth, sticky inflation

Kitco Media
By Reuters
Published:
Updated:
Reuters

WASHINGTON, April 13 (Reuters) - International Monetary Fund Managing Director Kristalina Georgieva said on Thursday that the global economy has proven remarkably resilient to multiple shocks, but has yet to overcome a combination of weak growth and sticky inflation.

The IMF's global growth projections of 2.8% global growth "is not enough to bring opportunities to businesses and people around the world, and most worrisome is the projection for weak growth over a longer period of time," Georgieva told a news conference at the IMF and World Bank Spring Meetings.

Reporting by David Lawder and Andrea Shalal
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