Not out of the woods yet: IMF chief warns second wave of infections could disrupt economies

WASHINGTON: IMF Managing Director Kristalina Georgieva has warned the world that a second major wave of coronavirus infections could trigger more disruptions in world economics.

Georgieva said the fiscal costs of actions aimed at containing the pandemic and mitigating its economic fallout were driving up already high debt levels, but it was premature to start withdrawing needed safety nets.

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