IMF Director-General Kristalina Gorguieva said the already turbulent global economy was “without the crisis of lifting the US public debt ceiling”, expecting it to be resolved at the last minute as usual.
“The world economy, which already suffers from great uncertainty, is a sing of the debt ceiling crisis in the United States,” Gorgieva said.
“History shows us that the United States is grappling with this supposed backwardness,” she added, referring to previous times when the United States had experienced such a battle over the debt ceiling.
Gurgeeva explained that overall inflation in many countries is “at its peak” because central banks are raising interest rates, while “core inflation is still not going down as it should be, primarily because food prices are not going down.”
The IMF Director-General also addressed the interest rates, which she noted were high, “and will remain high for longer, but we expect the landscape to change in 2024 and early 2025.”
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