“There is certainly a fear of recession in some countries or, even if it’s not a recession, feeling like one this winter,” Georgieva said. “And if mother nature decides not to cooperate and winter is really harsh, that could cause some social unrest,” warned.
fight against inflation
“Central banks must be persistent in fighting widespread inflation,” he said, admitting that many economists were wrong when they predicted last year that price rises would taper off.
“Inflation is stubborn, it’s broader based than we thought … and … we need central bankers to be as stubborn in fighting it as inflation has been.”
“If fiscal policy and monetary policy worked well, next year could be less painful,” said the official, who stressed that if fiscal policy is not oriented enough, it could become “the enemy of monetary policy, fueling inflation.”
Source: Ambito
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