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IMF sees cost of COVID pandemic rising beyond $12.5 trillion estimate -Breaking

by Mike Robinson

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WASHINGTON (Reuters) – The Worldwide Financial Fund expects to boost its forecast that the COVID-19 pandemic will value the worldwide financial system $12.5 trillion by way of 2024, the top of the worldwide lender mentioned on Thursday.

IMF Managing Director Kristalina Georgieva informed an occasion hosted by the Monetary Instances that provide chain disruptions, inflation and tighter financial coverage have been “throwing chilly water on the restoration in all places.”

She mentioned big gaps in COVID-19 vaccine charges and the general widening divergence between wealthy and poor attributable to the pandemic, together with studying losses and elevated gender impacts, would trigger extra protests, tensions and insecurity.

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