IMF chief warns of multiple inflationary shocks amid market jitters

Kristalina Georgieva cites Russia's war in Ukraine and cost pressures caused by China's zero-Covid policies

Global finance leaders should prepare for multiple inflationary shocks, the head of the International Monetary Fund has warned, as fears of a global economic downturn continue to hit markets around the world.

The IMF's managing director, Kristalina Georgieva, said it is becoming harder for central banks to bring down inflation without causing recessions.