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Economy2 hours ago (Jan 20, 2022 16:31)
WASHINGTON (Reuters) – The International Monetary Fund expects to raise its forecast that the COVID-19 pandemic will cost the global economy $12.5 trillion through 2024, the head of the global lender said on Thursday.
IMF Managing Director Kristalina Georgieva told an event hosted by the Financial Times that supply chain disruptions, inflation and tighter monetary policy were “throwing cold water on the recovery everywhere.”
She said huge gaps in COVID-19 vaccine rates and the overall widening divergence between rich and poor caused by the pandemic, along with learning losses and increased gender impacts, would cause more protests, tensions and insecurity.
IMF sees cost of COVID pandemic rising beyond $12.5 trillion estimate
By Stephen Culp NEW YORK (Reuters) – The dollar pared earlier gains on Thursday as this week’s upward trajectory of U.S. Treasury yields took a breather. The greenback edged lower…
By Herbert Lash and Huw Jones NEW YORK/LONDON (Reuters) – Bond yields backed off their rapid rise this week and Wall Street rebounded on Thursday as investors in Big Tech licked…
Key Points FTSE 100 closing price of 7,582.61 (-0.1%) AB Foods props up FTSE after results GSK declines as Unilever says won’t up bid for Consumer Healthcare unit EUR/GBP…
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