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Kristalina Georgieva says big economies will have to make ‘very touch choices’ as soaring bond yields hit budgets
IMF chief Kristalina Georgieva has urged heavily indebted governments to tighten their belts and central banks to take a hawkish stance, signalling a return to austerity as the energy shock from the Iran war, record public debt and a credit-fuelled AI investment boom weigh on the global economy.View on euronews
The head of the International Monetary Fund says countries both rich and poor must take faster action to cut debt and counter growing inequality as their economies weather a triple whammy from the AI boom and shocks from wars in the Middle East and Ukraine