IMF's managing director Georgieva: Global recovery continuing, but outlook remains difficult and prone to setbacks

Market news

19 November 2020

IMF's managing director Georgieva: Global recovery continuing, but outlook remains difficult and prone to setbacks

Global economic recovery may be losing momentum, risks are very high
Recent data show slowing momentum in services industries
Delay in vaccine distribution and treatments could limit growth, send debt levels higher
Elevated asset valuations show disconnect of financial markets from the real economy, with inherent risks to financial stability
IMF has provided over $100 million in new financing to 82 countries during the crisis, aims to do more

U.S. weekly jobless claims total 742,000

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