• Kristalina Georgieva
    Even if the war ends tomorrow, it would take quite some time for recovery to kick in due to infrastructure destruction and slow-moving tankers.
    A tanker that leaves today would take 40 days to reach the Pacific Islands. The impact is already baked in.
  • Kristalina Georgieva
    Markets are optimistic because financial assets are concentrated in the US which is doing well, but that's not the story of the rest of the world.
    The US is a net exporter, not importer, creating a picture of dynamism. In the rest of the world, there is already a lot of pain.
  • Kristalina Georgieva
    Should there be more caution? I would argue yes because supply chain disruptions are already quite significant.
    With every day that passes, an anchor is not leaving for a destination, delaying the rebound of the world economy.
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