The International Monetary Fund (IMF) stated that it sees signs that the global recovery may be losing momentum, leading to a worsening in poverty and income distribution. IMF Managing Director Kristalina Georgieva stated that recent data confirms the continued global recovery from the COVID-19 crisis, but the economic outlook remains difficult and prone to setbacks.
“Delays in the distribution of vaccines and treatments could limit growth and raise debt levels,” the IMF said as reported by Reuters.
Regarding bags, the IMF provided a strong warning, stating that elevated asset valuations show a disconnection of financial markets from the real economy, bringing inherent risks to financial stability.
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