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IMF Spokesperson Gerry Rice warned that the war could hit the global economy and create an increase in inflation.
The International Monetary Fund, the IMF, stated that the war in Ukraine could deal a “major blow” to the global economy, leading to a decline in growth and an increase in inflation.
IMF spokesman Gerry Rice stated that China, the leader of global growth, may be affected by the war to a limited extent, but high oil prices may pull down demand and investments in the country.
On the other hand, the IMF announced that it plans to set up a Ukraine account under the IMF management to collect donation funds in a single pool.
