Economic Buzz: Recession Can Be Avoided If Fiscal Policies Were Consistent With Monetary Policy Says IMF

4 Oct 2022 , 02:42 PM

Global recession can be avoided if governments fiscal policies were consistent with monetary policy tightening, but likely there would be countries falling into recession next year, the International Monetary Funds managing director said on Monday. In the context of monetary policy tightening, fiscal policy cannot stay idle because the cost of living crisis is hitting parts of society dramatically, Kristalina Georgieva said.Powered by Commodity Insights