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‘Buckle Up’ as Inflation Fight Threatens Growth, IMF Chief Warns
International Monetary Fund Managing Director Kristalina Georgieva said she expects slowing growth from higher borrowing costs will make next year feel like a recession for millions of people, even if the global economy avoids a technical downturn. “Increased interest rates will bite and we will see the impact on growth,” Georgieva said in an interview Wednesday in New York with Bloomberg Television’s Francine Lacqua. “For hundreds of millions of people it will feel like a recession, so buckle up,” she said. “Hopefully, if we get inflation under control, then we can see a foundation for growth and ... (full story)