12
Jun
Keynote remarks by Kristalina Georgieva, IMF Managing Director, at the “One Europe, One Market Summit”, organized by the Jacques Delors Friends of Europe Foundation, Brussels
The world economy—and Europe with it—is hit once more by a shock: this time, the events unfolding in the Middle East.
Before Hormuz closed, Europe’s growth outlook was improving and we at the IMF were getting ready to upgrade our forecasts. Now, we see growth down and inflation up.
But still, some credit where credit is due: it...