The IMF warns that the pressure on prices could last until the end of 2022

The price pressure could last until the end of next year, the managing director of the International Monetary Fund (IMF), Kristalina Georgieva.

The IMF He indicated days ago that he expected the inflation will decrease from mid-2022, but the institution now seems to anticipate a more lasting phenomenon in the world.

“We have to be very attentive to what is happening with the inflation“, said Georgieva in statements to the channel CNBC, noting increased demand and logistical problems due to labor shortages, particularly truckers.

“This is inevitably causing pressure on prices and we expect this pressure to continue until the middle of next year, perhaps until the end of 2022,” he added.

The Bottom has so far considered that the high inflation It was a transitory phenomenon, linked to the global recovery from the historic recession registered in 2020 by the pandemic of Covid-19.

This analysis is shared by a large number of economists, but there are growing concerns due to rising energy prices.

On October 17, Georgieva indicated that among economic experts there was still a consensus on the fact that “in advanced economies inflation is temporary”, during a virtual seminar that brought together central bank governors.

Policy makers “have the tools” to remedy a inflation that would disappear, he added. “We are very familiar with these tools and how they can be implemented.”

Then he IMF He estimated that there would be a peak in the final months of 2021, in both advanced and emerging countries, before stabilizing in the middle of next year.

Georgieva made these statements when the Central European Bank (ECB) holds a monetary meeting on Thursday. The meetings of the United States central banks (Federal Reserve, Fed) and United Kingdom (Bank of England, BoE) will take place next week.


Leave a Comment