IMF Warns of Worsening Global Crises

The International Monetary Fund warns of the worsening global food, energy, and poverty crises, predicting that price hikes for these commodities will become more common. Fund studies indicate that rising living costs impact price stability and increase poverty levels, with the number of people living below the extreme poverty line increasing by approximately 23 million between 2021 and 2024. The report also shows that the current crises are leading to heightened inflation expectations in the near and medium term, posing a threat to global economic stability. Inflation rates continue to rise even several years after the crises began. It is noted that financial support measures have been more effective than price control policies, as supporting producers has become less efficient and has increased government costs.

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