The chief economist at the International Monetary Fund, Gita Gopinath, expected that the new mutant of the Corona virus (Omicron) would cost the global economy about 5.3 trillion dollars, in addition to The current expected losses of $12.5 trillion.
We're now at a point where countries around the world don't have the space to keep monetary policy too loose, to keep interest rates very low, and we're seeing inflationary pressures build up, Gopinath said. around the world, according to Investing.com.
In a situation where this pandemic could go on for much longer, there are longer supply problems that put inflationary pressures, so we have a real risk of something we've avoided thus far,' she added. , which is fears of stagflation accompanied by stagflation.
Concerns about Omicron, which the World Health Organization says has arrived in 57 countries since it was first detected last month in South Africa and Hong Kong, are a clear blow to recovery in the country, she said. Everywhere in the world.
Central banks do not have the space to keep monetary policy loose and interest rates low, Gopinath said, also warning that the pandemic could cost much more than expected.
