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Open | 16,246.34 |
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The head of the International Monetary Fund has urged countries to cut debt and slash red tape to revive growth as she warned the world was becoming more vulnerable to economic shocks.
Kristalina Georgieva told governments to prepare for the next shock to their economies with fiscal consolidation.
Consumers face the prospect of permanently higher interest rates amid geopolitical tensions and “slower globalisation”, a Bank of England official has warned.