The IMF is skeptical about the second corona wave
In view of the second wave of corona infections, the International Monetary Fund (IMF) has shown skepticism about the development of the global economy. With tougher measures to contain the pandemic, the ongoing recovery in economic performance after the Corona slump in spring could lose momentum, IMF experts warned in a report. “The uncertainties and risks are exceptionally high,” it said.
Although progress can be seen in the development of corona vaccines, the paper said before an online meeting of the leading industrialized countries (G20) this weekend. In the course of the crisis, however, the price trend on the financial markets decoupled from the real economy, according to the IMF experts. This represents a “potential threat to financial stability”. Among other things, the financial markets had reacted to progress in the development of corona vaccines with, in some cases, strong price gains in the past trading days.
The IMF called on governments and central banks not to let up in the fight against the economic consequences of the corona crisis. In Europe, negotiations are currently taking place on an EU aid package worth billions, which is currently being blocked by the EU states Hungary and Poland. In addition, there have recently been several signals from the European Central Bank to ease monetary policy even further at the interest rate meeting in December to support the economy.
