Finance
World inflation not fully defeated yet, IMF's Georgieva says
Published by Global Banking and Finance Review
Posted on January 24, 2025
1 min readLast updated: January 27, 2026
Global Banking and Finance Review
Company
Published by Global Banking and Finance Review
Posted on January 24, 2025
1 min readLast updated: January 27, 2026
IMF's Georgieva acknowledges progress in controlling inflation but emphasizes more work is needed to fully defeat it, as discussed at the World Economic Forum.
(Reuters) - Global policymakers have made remarkable progress in tackling inflation without inducing a recession, but some work remains to be done, International Monetary Fund Managing Director Kristalina Georgieva said in Davos.
"The head of the genie is in the bottle, most of the body of the genie is in the bottle, kind of getting stuck there, but the legs are kind-of hanging still out," Georgieva told the World Economic Forum when asked if the 'genie' of inflation had been defeated. "We need to push it all the way down."
(Reporting by Balazs Koranyi; Editing by Kevin Liffey)
The main topic is the ongoing efforts to control global inflation as discussed by IMF's Kristalina Georgieva.
Georgieva used the 'genie in the bottle' metaphor to describe the current state of inflation control.
The discussion took place at the World Economic Forum in Davos.
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