Georgieva says downside risks have increased for global economy

WASHINGTON (Reuters) – International Monetary Fund Managing Director Kristalina Georgieva on Thursday said the global economy faced increased downside risks following recent bank failures in Switzerland and United States that exposed financial risks.

Georgieva called on policymakers to carefully balance the fight against persistent inflation with managing risks in the financial sector.

But she had “full confidence” that central banks and regulatory institutions were being very vigilant in addressing vulnerabilities facing banks and nonbanks.

(Reporting by Andrea Shalal)

Reuters

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