WASHINGTON (Reuters), Kristalina Georgieva (Managing Director, International Monetary Fund) said Thursday that global finance professionals may have to get more comfortable fighting multiple inflationary crises.

Georgieva said to Reuters that the G7 central bank governors are having difficulty reducing inflation. Georgieva was speaking on behalf of Reuters. Georgieva made the comments at the G7 finance ministers’ meeting in Germany. He also spoke out about the mounting energy and food price pressures from Russia’s war against Ukraine. China’s zeroCOVID policies have slashed manufacturing, locking down the economy, and the necessity to reorder supply chains in order to be more resilient.

“I believe that that may not always be the last shock,” she stated, noting she had stopped seeing inflation as a “transitory”, one-off shock after the Omicron COVID-19 epidemic took place late last year.