All roads point into higher inflation and slower growth: IMF's Kristalina Georgieva

• The global economy faces higher inflation and slower growth, driven by a negative supply shock.
• The severity of the impact depends on the duration of the conflict, the possibility of durable peace, and the extent of infrastructure damage.
• Central banks may need to intervene if inflation persists, which would further dampen growth.
• The crisis is global but asymmetric, disproportionately affecting countries in conflict zones and poor oil importers, while oil exporters like the U.S. are more protected.

IMF Managing Director Kristalina Georgieva warns that 'all roads point into higher inflation and slower growth' due to the ongoing crisis (likely referring to the Russia-Ukraine war). She highlights the negative supply shock pushing prices up and the asymmetric impact on different countries, with poor oil importers facing the toughest challenges.