Deepak Ajwani of Economic Times asks IMF Economic Counsellor to explain Managing Director Kristalina Georgieva statement where she has urged nations to “buckle up”. As the global economy faces multiple shocks, Pierre Olivier Gourinchas explains the shocks further referring to COVID-19 impacts, rising living costs, trade tensions, and military conflicts. He emphasised the need for fiscal buffers, strong institutions, deeper trade partnerships, and private sector-led growth through technology adoption, workforce skilling, and innovation to strengthen economic resilience.
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