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IMF predicts prolonged global inflation if vaccination is not accelerated

Washington, Oct 13 (EFE) .- The International Monetary Fund (IMF) continues to consider that global inflation will be “transitory” but admits that it may be prolonged if global access to vaccines is not accelerated, said Kristalina Georgieva, managing director. of the organism.

In a press conference at the start of the annual meeting of the IMF and the World Bank (WB), Georgieva commented on the growing concern about the generalized rise in prices in many countries.

Precisely this Wednesday it was learned that annual inflation in the United States stood at 5.4% in September.

“I anticipate that inflationary pressures will be transitory, but only if the vaccines (against covid-19) and the recovery accelerate,” Georgieva said at the press conference in which he remarked that one of the major factors behind this rise in prices it is the “acute imbalance” between supply and demand in advanced economies.

However, he insisted that the agency’s estimates suggest that inflation “will begin to decline in mid-2022” in advanced economies towards the range expected by most central banks of 2% per year.

The words of the director of the Fund coincide with the disclosure of the new inflation data in the United States, which stood at a rate of 5.4% in September, the highest figure in 13 years.

The international financial institution on Tuesday slightly lowered its global growth forecasts for this year to 5.9%, one tenth less than three months ago, due to the delta variant of the coronavirus and problems in global distribution chains.

For its part, it left the world forecasts for 2022 unchanged at 4.9%.

DEBT AT RECORD LEVELS

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